Research | Financial crime compliance to fight modern slavery and human trafficking
Financial crime compliance to fight modern slavery and human trafficking

Financial crime compliance to fight modern slavery and human trafficking

2 December 2020

This blueprint urges financial institutions to tackle human trafficking and modern slavery, suggesting that both are a financial crime and compliance risk, and warns against wholesale de-risking. This report outlines strategies for detecting financing of such illegal activities, reducing risk, and government action towards AML/CFT risk assessments, ahead of regulatory fines and sanctions in jurisdictions worldwide.

 

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