Every four seconds, someone is sold into modern slavery somewhere in the world. Every 60 seconds, the criminal industry that supports modern slavery makes more than US$285,000. These statistics, calculated from estimates by the International Labor Organization (ILO), reveal the size and international scope of modern slavery and trafficking, a system that treats human beings as a commodity. These crimes happen in urban metropolises and in remote rural areas, in developing and developed nations. Modern slavery touches nearly every supply chain and no industry is exempt. The sums of money involved are so high, this lucrative and globally pervasive industry is one of the fastest-growing criminal enterprises and sits behind the drug trade as the most profitable organised crime. Per the United Nations, profits from modern slavery and human trafficking are estimated to be as high as US$150 billion a year. This sum is generated through the slavery; abuse and exploitation of an estimated 45.8 million people. A crime that relies heavily on access to financial institutions, a wide range of organisations are not only destinations for slavery and trafficking proceeds, but also conduits to financing every step of the slavery and trafficking journey. Recognizing their central importance to slavery and trafficking operations, financial institutions are seeking ways to strike back. Stopping the arterial flow of money will cause the beast of modern-day slavery to atrophy and shrink, although no one is under the illusion that it can ever disappear completely. That reality must not and should not lessen our efforts to staunch the sustenance (money) that feeds the beast.

Modern Slavery: A Resource Guide for The Banking Industry, 2016 DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

wp_template

wp_template_part

wp_global_styles

wp_navigation

wp_font_family

wp_font_face

acf-taxonomy

acf-post-type

acf-field-group

acf-field

ai1ec_event

exactmetrics_note

Unfinished Work In The Fight Against Forced Labor In Uzbekistan’s 2019 Cotton Harvest
Publications

Uzbek Forum has conducted independent, community-based monitoring and reporting on the cotton harvest since 2009. In previous reports, Uzbek Forum endeavored to expose forced labor, identify its root causes, and show the scale, impact on institution...Read More

Ministerial Declaration on Combating All Forms of Human Trafficking
Publications

The declaration encourage OSCE participating States to work with the business sector to apply principles of due diligence and transparency in assessing and addressing risks of exploitation throughout supply chains and ensuring that workers have acces...Read More

Kenya’s human trafficking routes: new data insights into high activity locations and regional risk
Publications

In August 2019, Stop the Traffik Kenya (STTK) and Freedom Collaborative (FC), a project operated by Liberty Shared, had conducted a data collection exercise with civil society organizations (CSOs) in Kenya, to report on known human trafficking and h...Read More

TAGS: Africa
National Hotline 2019 Connecticut State Report
Graphics & InfographicsPublications

The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More