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.
According to the latest ILO global estimates, 25 million people are victims of forced labour. This issue concerns all regions in the world. UN Sustainable Development Goal 8 on Decent Work and Economic Growth includes a target 8.7 for which the inte...Read More
The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More
On November 15, 2000, the United Nations adopted the Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially Women and Children (Palermo Protocol). Twenty years later, with 178 state parties, the Palermo Protocol has reached almo...Read More
Pitiful wages, child labour and sexual abuse is reported to be the reality for some Syrian refugees working without permits in Turkey, posing a major challenge for the garment brands that source from the country to supply Europe’s high streets. ...Read More
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