2 August, 2018
Caveat emptor, “buyer beware,” is the starting proposition for all investors as they make their decision to proceed with a transaction or deal. During the last few years, those committed to combating slavery have increasingly focused on examining slavery’s connection to the private sector, making businesses exposed to, and involved in, exploitation accountable. In some cases, businesses have become targets of litigation.
As we progress to hyper-transparency, this white paper examines why businesses would be wise to be aware of the risk and perform initial and ongoing due diligence of their investments or potential investments.
Kroll, has teamed up with Liberty Asia, a charitable organization, to produce a series of whitepaper on the latest intelligence and best practice to mitigate any hidden compliance and reputational risks relating to human trafficking issues. A total of 4 whitepapers were launched between September 2017 through to November 2017. See below the links to the whitepapers.
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Whitepaper #3: Forewarned is forearmed
Receiving, storing, and moving the money associated with the exploitation of persons is currently treated as a crime, namely money laundering; however, moving the products or goods is “only” one of ethics and social responsibility. But that is changing. In this white paper, we explore how behavioral change at the operational and governance levels within organizations can allow them to make more informed business decisions that benefit the organization and also society.
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Whitepaper #2: Crime vs. Ethics: Changing corporate culture to reduce modern slavery
Receiving, storing, and moving the money associated with the exploitation of persons is currently treated as a crime, namely money laundering; however, moving the products or goods is “only” one of ethics and social responsibility. But that is changing. In this white paper, we explore how behavioral change at the operational and governance levels within organizations can allow them to make more informed business decisions that benefit the organization and also society.
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Whitepaper #1: Reducing and Removing Involvement in Modern Slavery
Modern slavery and human trafficking present businesses with potentially huge risks. New legislation worldwide, more segments of civil society sharing information, and financial institutions increasingly focusing on this issue are adding even greater urgency for businesses to eliminate their exposure. This white paper describes how businesses can find a workable solution in the risk-based approach developed over the years by organizations to comply with a wide variety of anti-money laundering, anti-bribery, and anti-corruption laws.
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For further information, please contact:
Richard Dailly, Managing Director, Investigations And Disputes, Kroll Associates (S) Pte
rdailly@kroll.com
