Financial sector

The financial sector plays a crucial role in combating human trafficking. Not only through their ability of detecting illicit money flows but also by ensuring greater awareness of the services they commission and the businesses they finance.

Preventing modern slavery & human trafficking: An agenda for action across the financial services sector
GuidancePublications
18 January 2021

There are over 40 million people in modern slavery worldwide. Modern slavery exists in every industry, in every country in the world. The financial services industry has a major role to play in combating this violent and abusive business. And...

Preventing Modern Slavery and Human Trafficking – An Agenda For Action Across the Financial Services Sector
Publications
01 January 2021

There are over 40 million people in modern slavery worldwide. Modern slavery exists in every industry, in every country in the world. The financial services industry has a major role to play in combating this violent and abusive business. And...

Survivor Bank Accounts Report
Publications
15 December 2020

Survivor Bank Accounts, designed specifically to be set up without proof of identification or an address, are a positive form of recognition and empowerment for survivors. They provide financial independence and demonstrate the importance of providing secure banking to those...

Are you Complying with the EU Sustainability-related Disclosures Regulation?
Publications
01 July 2020

The legal landscape for financial market participants (FMPs) regarding sustainability and human rights has drastically changed and more regulation is on its way, both at the EU and AT national levels. This briefing paper is meant to give a short...

Financial Institutions Sharing Data Related to Human Trafficking
Publications
25 June 2020

Sharing of information between financial institutions related to potential money laundering and human trafficking activities is essential in the fight against modern slavery. However, the laws covering personal data privacy, anti-money laundering, counter-terrorism and banking regulation are often seen as...

Finance & human rights: regulatory overview
GuidancePublications
28 May 2020

This short paper is intended as a general overview of the development of different legislations and frameworks that apply in the area of finance and human rights, underlining key aspects. It comprises EU regulation (in force and upcoming), national regulations...

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