Hong Kong's securities regulator reported a spike in the number of instances where the city's financial firms are failing to comply with its anti-money laundering guidelines. It has long been known that money laundering can have significant negative impact on economic growth. Enforcement of regulations to eradicate money laundering contributes to advancing SDG 16.4 by 2030 to significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime.
Human trafficking is one of the main profit-generating activities for organised criminals in Europe and the revenue generated is often laundered through the financial system. Understanding the complexities of human trafficking is vital to both SDG 8.7 to take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and SDG 16.4 to significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime.
For the rule of law to be effective, there must be equality under the law, transparency of law, an independent judiciary and access to legal remedy. Yet about 57% of the world's population lives outside the shelter of the law. This presentation and training video demonstrates how advancement of the rule of law benefits economic prosperity and advancement of society and what role businesses and lawyers can play to advance SDG 16.3 to promote the rule of law at the national and international levels and ensure equal access to justice for all.
24 May 2016
LexisNexis Legal & Professional has created a rule of law impact tracker using a range of data sets. The rule of law impact tracker is an interactive tool which quantifies the relationship between the rule of law and social and economic development. The rule of law plays a vital part in underpinning all of the SDGs and in particular the targets of SDG 16 to promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.
Business Insight Solutions, May 2016
The UK's Modern Slavery Act 2015 aims to make businesses accountable for forced labour in their supply chains: large organisations with a presence in the UK are required to produce an annual ‘slavery and human trafficking statement’ detailing the action they have taken. A report from Ergon Associates shows that the majority of statements already submitted are lacking in key information and meaningful action. The Act directly addresses SDG 8.7 to eradicate modern slavery and human trafficking by 2025.
Forest Policy and Economics, Volume 65, April 2016, Pages 37-46
Effective implementation of rules on reduced emission from avoided deforestation and forest degradation (REDD +) depends on the compatibility between these rules and existing sectoral policies associated with forests. These authors examine the coherence between REDD + polices and Kenyan policies. They find that coherence is impaired by lack of cross-sectorial consultations on REDD + and that a lack of coherence at the national level creates conflicts at the local level. Cross-sectorial consultative framework is therefore a prerequisite for policy coherence. This paper addresses SDGs 13, 15 and 16.
Business Insight Solutions, April 2016
The LexisNexis Human Trafficking Awareness Index™ highlights emerging trends and patterns of awareness within and across national borders. The Index uses the respected Nexis® service to track and analyse the volume of articles related to human trafficking. These insights assist activists working to combat human trafficking and contribute to the advancement of SDG target 8.7 to eradicate forced labour, end modern slavery and human trafficking by 2025.
Business Insight Solutions, April 2016
The UK Modern Slavery Act 2015 requires organisations to produce an annual slavery and human trafficking statement. This video explains the requirements on you if you carry out any part of your business in the UK and turnover more than £36M globally. This directly aligns with SDG 8.7 to eradicate forced labour, end modern slavery and human trafficking and SDG 16.3 to promote the rule of law and international levels and ensure equal access to justice for all.
The 2016 report by the Hong Kong Association of Banks (HKAB) into trade-based money laundering ups the momentum to improve anti-money laundering and counter terrorist financing. Such actions will contribute to the advancement of SDG 16.4 to significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime.
Business Insight Solutions, February 2016
Amnesty International’s recent report on child labour in supply chains reported children as young as seven working in cobalt mines in the Democratic Republic of Congo. Cobalt is used in mobile phone batteries and Amnesty accuses several global electronics brands of failing to do basic supply chain checks. Raising awareness of child labour issues can help in advancing SDG target 8.7 to eradicate forced labour, end modern slavery and human trafficking by 2025.