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.
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
Research conducted by Labour Rights Promotion Network (LPN) and Johns Hopkins Bloomberg School (JHSPH) of Public Health Center for Refugee and Disaster Response, and supported by the United Nations Inter-Agency Project on Human Trafficking (UNIAP). ...Read More
Modern slavery thrives in crisis situations. During conflicts, natural and man-made disasters, and humanitarian situations, adults and children are vulnerable to exploitation and trafficking. Conflict situations often exacerbate existing vulnerabili...Read More
The data in this report represents signals and cases from January 1, 2018 through December 31, 2018 and is accurate as of July 25, 2019. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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