English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

1. Banks are obligated to help stop illegal forest activities Weaknesses in the banking system of a country, whether developing or developed, can threaten financial stability both within, and beyond that country. The Basel Committee on Banking Supervision issued the Basel Core Principles in order to strengthen financial systems. One of the important Core Principles is to protect banks from being used by criminals. It requires banking supervisors to make sure that banks have adequate policies, practices and procedures in place, including strict " Know Your Customer " (KYC) rules. This is to detect and prevent criminal activity or fraud, and ensure that suspicious transactions are reported to the appropriate authorities. This principle supports international cooperation against money laundering crimes. Illegal logging and other forestry crimes are among serious crimes should be stopped by banks and other financial service providers. Fighting forestry crime has become a growing international concern over the past five years. 1 It remains a top priority of the Indonesian government under the administration of Susilo Bambang Yudhoyono. Some of those involved in illegal logging activities may be customers of banks and other financial service providers. Timber-based industries are suspected of receiving and using illegal timber since their demand is three times greater than the legal supply of available timber. Indonesian timber-based industries have an installed capacity of more than 60 million m³ per year. Indonesia's wood panel producers harvest roughly 20 million m³ of round wood annually while unofficially harvesting a similar volume. Pulp industries harvest another 20 million m³ per year, and will continue to harvest increasing amounts every year. The demand for timber has far exceeded the sustainable level of wood supply, which stood at 25 million m³ per year in 1999. 2 With the Soft-Landing Policy, the Minister of Forestry set much lower, wood supply targets of 6.89 million m³ for 2003 and only 5.7 million for 2004. Both local and international banks have financed timber-based industries in Indonesia. Before the Indonesian financial crisis of 1997, Indonesian national banks granted more than US$4 billion in loans to Indonesian timber industries, which also received more than US$7 billion in short-term loans and long-term financing from international financial institutions (Setiono 2005). All the top ten national banks in Indonesia financed timber industries. These banks included the former state banks that have now merged to become Bank Mandiri, Bank Danamon, Bank Umum National (now closed by …

KYC Principles for Forestry Related Customers