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

The Corporate Social Responsibility Mirage
Publications

An article by Garrett Brown MPH, CIH Corporate social responsibility (CSR) programs began in the early 1990s with the promise of eliminating dangerous and illegal “sweatshops” in the global supply chains of world-renown corporations selling ...Read More

National Hotline 2017 New Mexico State Report
Graphics & InfographicsPublications

The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More

Taking Back Control of our Borders – The Impact on Modern Day Slavery
Publications

The UK seeks to be a leader in the fight against modern slavery. The present border system is demonstrably not good enough at preventing traffickers getting through and safeguarding victims. Meanwhile, without a new determination for action, convict...Read More

Female Perpetrators in Internal Child Trafficking in China: An Empirical Study
Publications

Abstract Through an empirical study, this article explores the overall profile of female traffickers of children in China and their role and performance in the trafficking processes. Its contribution to the human trafficking literature lies in i...Read More