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 highlights the critical role the Consumer Goods Forum (CGF) can play in mitigating forced labour risks in the production of palm oil by leveraging its industry leadership to spur the collective action of its members. There is strong int...Read More
The present report outlines the main activities undertaken by the Special Rapporteur on the human rights of migrants, Felipe González Morales, during the reporting period since his most recent report to the General Assembly. In the report, the ...Read More
India remains a major hotspot for commercial sexual exploitation of children (CSEC), a crime that is becoming increasingly hidden. Prevalence data is challenging to obtain and estimates are speculative; several entities have sized the population of ...Read More
‘The term “stateless person” means a person who is not considered as a national by any State under the operation of its law’. Clearly stated in Article 1 of the 1954 Convention Relating to the Status of Stateless Persons by the United Nation...Read More
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