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

Six steps to responsible recruitment: Implementing the employer pays principle
Guidance

A six step guide to implementing the Employer Pays Principles, in alignment with the UN Guiding Principles on Business and Human Rights. Reflecting the Dhaka Principles for Migration with Dignity, the Employer Pays Principle is a commitment to ensur...Read More

Freedom Business Code of Excellence 2.0
Guidance

Today over 40 million people are enslaved worldwide. 80% of those rescued from modern slavery, also known as Human Trafficking, will be re-trafficked absent safe employment opportunities. To fight modern slavery and exploitation we need a strategy t...Read More

TAGS:
The California Transparency in Supply Chains Act: a Resource Guide
Guidance

A recent law in California is poised to help California consumers make better and more informed purchasing choices. The California Transparency in Supply Chains Act (Steinberg, 2010) (the “Act”) provides consumers with critical information ...Read More

Money Heist : COVID 19 Wage Theft in Global Garment Supply Chains
GuidancePublications

2020 was a year unlike any other. This report documents what happened to garment workers across Asia – in Sri Lanka, Pakistan, India, Indonesia, Cambodia and Bangladesh, putting numbers to the 25 per cent or so wage losses suffered by these worker...Read More