This report on modern slavery and financial institutions by the Royal United Services Institute for Defence and Security Studies and the Freedom Fund considers the role that the financial sector can play in reducing human trafficking and modern slavery through exerting responsibility and leverage.
In recent years, the financial sector has become an increasingly high-profile contributor to efforts to identify and disrupt modern slavery and human trafficking. But can this commitment from the financial sector go further – beyond financial crime compliance and transaction monitoring – by using the provision of finance as a force for good to effect change in the operational and value-chain behaviour of their clients? This paper evaluates whether more action and commitment are required – and whether this is possible – from the sector, particularly in the form of using leverage provided by the provision of finance to clients to encourage the raising of standards in the field of human rights, in line with activity on environmental risks.
The report focuses on the social aspects of supply chains and examines how contracting authorities in the EU can use social criteria to improve labour conditions in countries where poor labour standards are rife. The report draws on experiences an...Read More
Government plans for two temporary migration programmes to bring workers to the UK after Brexit present significant risks of labour abuse and exploitation, including human trafficking. This briefing describes the two proposed programmes, explains th...Read More
The UK Modern Slavery Act 2015 (Act) was established nearly six years ago and was hailed as a landmark piece of legislation. Its aim was to encourage business to take action to eradicate modern slavery from its operations and supply chains. Fundamen...Read More
This project sought to set out the determinants of anti-trafficking efforts, understood as factors shaping governments’ anti-trafficking efforts and influencing compliance with – and implementation of – international standards. It sought to do...Read More
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