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.
On October 28th, 2019, the OECD launched new guidance on Due Diligence for Responsible Corporate Lending and Securities Underwriting (hereinafter “the guidance”). The guidance is based and elaborates on the OECD Guidelines for Multinational Ente...Read More
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
This joint report aims to gather and share the lessons learnt through the implementation of CARE and TACT projects, which objectives are to enhance the safe and sustainable return and reintegration process of returning victims of trafficking. The re...Read More
A LOT CAN CHANGE IN A DECADE. FOR BETTER, AND FOR WORSE. Ten years ago, in the early hours of April 24, 2013, a garment factory in Dhaka, Bangladesh, crumbled. Within its walls were thousands of workers, many of whom never returned home to their ...Read More
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