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 data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
Advances in technology and the COVID-19 crisis have made millions more people vulnerable to trafficking, says UNODC Traffickers have integrated technology into their business models at every stage of the process, from recruiting to exploiting vic...Read More
The Peoples’ Republic of China (PRC) has created an ex- pansive system of unprecedented state control over the 13 million Uyghurs, Kazakhs, and other minoritized eth- nic and religious groups of the Xinjiang Uyghur Autono- mous Region (Uyghur...Read More
A new study conducted by IOM and the Catholic University of Peru sheds new light on human trafficking for labour exploitation in illegal logging and gold mining in the Madre de Dios region of the country. Peru is a country of origin, transit and de...Read More
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