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.
ackground: Girl child, early, and forced marriage (CEFM) persists in South Asia, with long-term effects on well- being. CARE’s Tipping Point Initiative (TPI) sought to address the gender norms and inequalities underlying CEFM by engaging part...Read More
The Findings on the Worst Forms of Child Labor, mandated by the Trade and Development Act of 2000, is the most comprehensive research product on the state of child labour worldwide. This year, the report uses more stringent criteria to assess the eff...Read More
Over the past decade, due diligence programmes (DDP) have been developed in the Great Lakes Region to trace the origins of minerals, certify minerals as conflict-free and to improve mining communities’ livelihoods while reducing human rights abuse...Read More
The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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