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.
Pitiful wages, child labour and sexual abuse is reported to be the reality for some Syrian refugees working without permits in Turkey, posing a major challenge for the garment brands that source from the country to supply Europe’s high streets. ...Read More
An estimated 650,000 Syrian refugees have fled their home country to escape bloodshed and have found a lifeline working in Turkey, with many working in the garment industry. Without these jobs, many families would face desperate times and would stru...Read More
Summary Every year, tens of thousands of migrant workers from Kyrgyzstan travel to the central asian economic powerhouse of Kazakhstan in search of employment. thousands of these migrant workers, often together with their children, find work in t...Read More
Social protection programmes have effectively reduced poverty and improved food security. However, the effects of poverty require an intersectoral approach to adequately address poor nutrition and health. Identifying gaps in knowledge and access to ...Read More
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