By Brian Huerbsch
Illegal logging poses real and significant regulatory risk for international financial institutions and corporations, especially those connected, either directly or indirectly, with the global timber industry, or that operate in areas where the industry is prevalent and important to the local economy. Considering the notable increase in regulatory activity over the past decade, the amount of enforcement actions given, and the ballooning size of fines over the past several years, it is clear that illegal logging is a crime that cannot be ignored anymore. Fortunately, this risk can be mitigated properly if strong third-party risk and know your customer (KYC) processes are in place, including enhanced due diligence (EDD) and anti-money laundering (AML) protocols.
This report examines how states and localities across the country—both red and blue, with and without a long history of labour-protection regimes—are developing innovative strategies to enforce labour standards, and to do so more strategically. M...Read More
The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More
This report provides the framework and resources necessary to understand the risk of human trafficking in global supply chains, and can help readers begin to assess the risk of human trafficking in particular federal supply chains. Later sections ex...Read More
This is the fourth report of the Fair Food Standards Council on the state of the Fair Food Program. It provides the most recent results and analysis from Seasons 5 and 6 of the Program’s implementation. However, unlike past reports, the 2017 versio...Read More
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