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 mining industry is one of the most polluting, deadly, and destructive industries in the world. Yet to date, mining company responses to the COVID-19 pandemic have received little scrutiny compared to other industries seeking to profit from this ...Read More
Report launch: Wednesday, 11 May 2022 16:00-17:30 ICT (Cambodia/Vietnam) | 11:00-12:30 CEST (Austria) | 10:00-11:30 BST (UK) The number of women travelling from Cambodia to China for forced or arranged marriages has surged since 2016 and experienced a further spike...
Authors: Andrew Phillips, Dr Alexander Trautrims Editor: Emily Kenway Agriculture is a high-risk sector for potential modern slavery and human trafficking. The International Labour Organisation places agriculture, alongside forestry and fishing, as...Read More
It is clear that the Act is an innovative piece of legislation that has influenced parliaments across the world in efforts to combat the global evil of modern slavery. Other countries are following our lead, so it is of the utmost importance that we...Read More
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