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 was originally conceived to be an exploratory analysis of case data on trafficking and exploitation in Southeast Asia that begins online, trying to understand if recruitment is occurring via social media, messaging apps and websites and,...Read More
On November 15, 2000, the United Nations adopted the Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially Women and Children (Palermo Protocol). Twenty years later, with 178 state parties, the Palermo Protocol has reached almo...Read More
This report summarises case study research carried out in Mozambique in two sectors linked to deforestation: illicit logging of Pterocarpus Tinctorius in Tete Province and construction of the Cuamba–Mandimba–Lichinga section of the N13 road (par...Read More
Modern slavery is everywhere, but cleaning it up is possible. Due diligence and transparency is the key to ending modern slavery in supply chains. The report gives an insight into the growing body of law and practice from international standards t...Read More
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