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.
Authored by: Christine Cooper, Olivia Hesketh, Nicola Ellis, Adam FairHome Office Analysis and Insight Executive summary This report presents findings from research to create an evidence‐based typology of modern slavery offences in the UK. M...Read More
The Special Rapporteur on trafficking in persons, especially women and children, undertook a country visit to Tajikistan, from 7 to 16 December 2021, as a country of significant outward labour migration. The Special Rapporteur examined the measures ...Read More
The International Labour Organization estimates that illicit profits from modern slavery reach $150 billion a year. In 2016, 16 million people were victims of forced labour in the private economy. Companies are exposed to modern slavery risks through...Read More
On 24–25 March 2021, the UNODC Civil Society Unit (CSU) and the Human Trafficking and Migrant Smuggling Section (HTMSS) with support from the Regional Office for Southeast Asia and the Pacific (ROSEAP) in Bangkok and the Regional office for South ...Read More
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