The Fintel Alliance has developed this financial crime guide to help financial services businesses understand and identify the signs of forced sexual servitude in Australia. The indicators and behaviours in this financial crime guide can be used by financial services businesses to review their profiling and transaction monitoring programs, to target, identify and stop financial transactions associated with forced sexual servitude. Financial services businesses have a crucial role in protecting victims against forced sexual servitude by understanding the financial indicators of this crime type and reporting suspicious financial activity to AUSTRAC.

No single financial indicator will be a definitive way to identify if an account or business is being used by coordinators, victims or customers of forced sexual servitude. Financial services businesses should use a combination of indicators and business knowledge to monitor and identify potential suspicious activity. Where suspicious activity is identified, enhanced customer due diligence should be conducted in accordance with the financial services business’s AML/CTF program.

The intelligence and information shared by financial services businesses is critical in helping AUSTRAC and government partners to protect the community and Australia’s financial system from criminals.

Detecting and Stopping Forced Sexual Servitude in Australia: Financial Crime Guide - Australian Government, February 2022 DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

acf-field-group

acf-field

ai1ec_event

Regional mapping of trafficking and vulnerable migrants’ routes: Collective CSO data on migration routes in the east and Horn of Africa
Guidance

Civil society organizations across the seven states of the Horn of Africa welcome this mapping of regional routes, the relevant trends collaboration among groups in the region, and the enhanced cooperation around fighting human trafficking. Victims ...Read More

Doing Business with Respect for Human Rights: A Guidance Tool for Companies
Guidance

This guidance is for company staff who want to understand what “doing business with respect for human rights” means. It is for anyone who faces – or could face – scenarios in which their function, department or company could be connected to ...Read More

TAGS:
Cash transfer mapping report
Guidance

In 2015, 193 countries committed to Target 8.7 of the Sustainable Development Goals (SDGs), pledging to take effective measures to eradicate modern slavery, human trafficking, forced labour and child labour. The outbreak of COVID-19 severely impacte...Read More

Measuring modern slavery: Moving beyond prevalence
Guidance

Modern Slavery Evidence Unit (MSEU) Research Briefing 11: on an article by Professor Todd Landman, May 2020 Lessons learned in the measurement of human rights can, and are, being applied to the measurement of modern slavery. The anti-slavery sect...Read More

TAGS: Global