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.
Expo 2020 Dubai could not have taken place without migrant workers who make up more than 90% of private sector employees in the UAE. With more than 40,000 workers employed in the construction process alone. Similarly, the delivery of the Expo requir...Read More
The Ethical Framework for Cross Border Labor Recruitment offers a set of specific operational practices (“Standards of Ethical Practice”) for recruitment firms that operate across borders. These practices are reinforced by a Verification and Cer...Read More
The purpose of this research is to highlight gaps in modern slavery victim support and access to justice for adults. First by developing a structured understanding on existing policies and legislation. Then, taking Hertfordshire as an example, under...Read More
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 yet th...Read More
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