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.
Unlocking Potential: A Blueprint for Mobilizing Finance Against Slavery and Trafficking is the final report of the Liechtenstein Initiative for a Financial Sector Commission on Modern Slavery and Human Trafficking, which has now formed Finance Again...Read More
Digital platforms have often been celebrated for allowing equal opportunities for public self-expression, regardless of one’s identity and status. Yet, not everyone is welcome in the cyberspace. The digital arena has become a breeding ground fo...Read More
Edited by Prabha Kotiswaran and Sam Okyere. This is the third volume of the series Beyond Trafficking and Slavery Short Course. The articles in this volume outline and critically interrogate the role of the state, national legislation and in...Read More
This report is about sharing topics that draw from the author's personal and professional experiences that they, as a Council, believe are important to effectively address human trafficking today. This report reflects the passion of those with lived...Read More
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