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.
The Helpline remains a key channel for potential victims, members of the public, businesses, and statutory agencies to report concerns, seek help, advice and information, and access relevant support services. In its six years of operation, the Helpl...Read More
Marks & Spencer (M&S) sets itself high standards. Its Plan A was widely recognized as breaking new ground in sustainability reporting when it was launched in 2016. In addition, M&S has achieved high rankings on human rights indices and, ...Read More
Labor migration is currently the most common predicate action leading to human trafficking and forced labor, and debt bondage is the most common indicator of forced labor. Based on Migrasia’s first hand experience with directly assisting thousands...Read More
Government plans for two temporary migration programmes to bring workers to the UK after Brexit present significant risks of labour abuse and exploitation, including human trafficking. This briefing describes the two proposed programmes, explains th...Read More
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