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.
BankTrack’s Human Rights Benchmark evaluates 50 of the largest private sector commercial banks globally against a set of 14 criteria based on the requirements of the UN Guiding Principles on Business and Human Rights(‘the Guiding Principles’)....Read More
The National Human Trafficking Hotline knows that hotels and motels are frequently utilized by traffickers to facilitate forced commercial sex or forced work. In many cases, hotel and motel owners may not be aware of how their businesses are being u...Read More
More and more people are migrating for work each year, making a vital contribution to the societies and economies that host them. Yet researchers continue to document an array of abusive practices that occur systematically in the recruitment of migr...Read More
Edited by Joel Quirk and Genevieve LeBaron. This is the fourth volume of the series Beyond Trafficking and Slavery Short Course. Campaigners and governments leading the fight to end ‘modern-day slavery’ selectively appeal to history to h...Read More
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