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 year’s Trafficking in Persons Report highlights some of the elements of an effective community-based approach, the challenges in implementing such initiatives, and the opportunities national governments have to facilitate coordination, coopera...Read More
This report finds that certain occupational hazards, including exposure to psychological stress and to commonly-used chemicals, are even more serious for children than previously thought. Another key finding is that adolescence, as a period of ph...Read More
The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More
Modern Slavery is an umbrella term that captures the range of multifaceted and complex crimes, which include all forms of human trafficking, forced labour, debt bondage, forced or servile marriage, and the worst forms of child labour. We know th...Read More
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