In a constantly changing world, financial institutions must continually adapt to new risk factors. Regional or global crises like war or natural disasters, in particular, can trigger or fuel criminal activity and related risks,1 including MS/HT. Increased vulnerability during crises can expose people to exploitation by criminal actors, often resulting in a rapid increase in traf- ficking and/or exploitation activities. For financial institutions, a crisis-driven increase in MS/HT raises the risk that they will become inadvertently involved in associated criminal activities via the banking services they provide.

A recent example is the war in Ukraine and the resulting ref- ugee flows to safe countries. As of early February 2023, more than 8 million people who fled Ukraine – mostly women and children – have been registered in other European countries.2 Despite their increased risk of falling victim to MS/HT,3 conver- sations between the Finance Against Slavery and Trafficking (FAST) initiative and members of the financial industry suggest that most financial institutions were not prepared to identify and mitigate the related risks in a timely way.

Establishing an Agile Response Process to Crisis and Conflict-related Modern Slavery and Human Trafficking Risks - UNU CPR, 2023 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

Trafficking in Persons Report 2023
Publications

Based on the theme of partnership, this year’s report examines the ways in which governments and other stakeholders have collaborated to advance anti-trafficking priorities and goals, and emphasizes the importance of including a breadth of groups ...Read More

TAGS: Global
Labour on a Shoestring: The Realities of Working in Europe’s Shoe Manufacturing Peripheries in Albania, Bosnia-Herzegovina, Macedonia, Poland, Romania and Slovakia
Publications

Often consumers in Western Europe believe that “Made in Europe” is a synonym for working conditions that are better than in production countries in Asia. This report shows that this is not always the case, and that problematic working conditions...Read More

TAGS: Europe
Thailand Migration Report 2019
Graphics & InfographicsPublications

The Thailand Migration Report 2019 contains 11 chapters that delve into themes such as working conditions, access to services, remittances, human trafficking and exploitation. Each chapter, written by a specific UN agency, provides up-to-date informa...Read More

National Hotline 2018 Alaska State Report
Graphics & InfographicsPublications

The data in this report represents signals and cases from January 1, 2018 through December 31, 2018 and is accurate as of July 25, 2019. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More