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.

The Role of the Financial Sector in Eradicating Modern Slavery: CEOs Respond to the Independent Anti-Slavery Commissioner
Publications
21 September 2021

However, business leaders need to collaborate in order to do this. My recommendations focus on the need to develop relevant risk management processes and the need to create better systems to share intelligence. I also strongly encourage growing collective action...

Updated Indicators: Laundering of proceeds from human trafficking for sexual exploitation
Publications
01 July 2021

This Operational Alert updates FINTRAC’s 2016 Operational Alert “Indicators: The laundering of illicit proceeds from human trafficking for sexual exploitation” with additional indicators in support of Project Protect to assist reporting entities in recognizing financial transactions suspected of being related...

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...

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