The COVID-19 outbreak has been affecting Asia since January 2020. It is now a global pandemic, with over 4.5 million cases detected in 168 countries and over 300,000 deaths globally as of 15 May 2020. Much of the world has implemented severe quarantine measures in an effort to contain the spread of the virus, and these measures have significantly affected many businesses.

This continuing crisis poses a number of challenges, some limited to moving activities online, others much more serious and related to the sustainability and profitability of business in the short, medium and long-term. While corporate professionals go through a major experiment of teleworking, supply chain workers directly employed by companies or by suppliers and sub-suppliers are facing much bigger challenges. There is no doubt that the COVID-19 crisis poses a higher risk to their wellbeing, job security, and basic rights.

COVID-19 has impacted financial services in a range of ways, and the landscape continues to change. New patterns of criminal behaviour and money laundering are emerging, and the ability of financial services to monitor and report suspicious activity is hindered by lockdown measures. Furthermore, the financial impacts of COVID-19 are aggravating vulnerabilities to modern slavery and changing customer risk factors. As the global community reacts to these changing circumstances, so must the finance world, to combat modern slavery and protect business and vulnerable communities from this crime.

Modern Slavery and Financial Services: Responding to COVID-19 - Mekong Club, 2020 DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

acf-field-group

acf-field

ai1ec_event

Investor Toolkit On Human Rights
COVID-19 resourcesPublications

Among countless severe consequences, the current international COVID-19 emergency has created a global financial crisis of a scale rarely encountered in modern history. Systemic economic and social inequalities across societies are being laid bare a...Read More

How to prevent modern slavery: A report by Unseen based on data from the modern slavery & exploitation helpline and lived experience accounts
Guidance

In 2021, the number of people referred to the UK Government’s system of identification and support, the National Referral Mechanism (NRM), stood at 12,727. Of those, only 2,866 were given a Positive Conclusive Grounds decision, conf...Read More

On Shaky Ground: Migrant Workers’ Rights in Qatar & UAE Construction
Guidance

Prompted by international scrutiny of working conditions on flagship projects in Qatar and the UAE, in 2016, the Business & Human Rights Resource Centre surveyed construction companies on their approach to safeguarding migrant workers’ rights ...Read More

COVID-19: Guidance for Employers and Business to Enhance Migrant Worker Protection during the Current Health Crisis
COVID-19 resourcesGuidance

Employers and business play a vital role in protecting migrant workers and their communities during the COVID-19 pandemic. Many provide essential care, services and goods and, in doing so, rely heavily on their migrant workforce. This includes nurse...Read More