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.
Written by Jordan Greenbaum, Hanni Stoklosa, and Laura Murphy. The global pandemic of severe acute respiratory syndrome coronavirus exacerbates major risk factors for global human trafficking. Social isolation of families and severe economic dis...Read More
Hundreds of migrant victims of human trafficking or labour exploitation are identified in Finland each year. Human trafficking is a serious crime that violates human rights and personal liberty and integrity. The consequences of exploitation and its...Read More
Over the past decade, scholars, activists, and policymakers have repeatedly called for an examination of the role of technology as a contributing force to human trafficking and exploitation. Attention has focused on a range of issues from adult serv...Read More
The data in this report represents signals and cases from January 1, 2018 through December 31, 2018 and is accurate as of July 25, 2019. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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