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

wp_template

wp_template_part

wp_global_styles

wp_navigation

wp_font_family

wp_font_face

acf-taxonomy

acf-post-type

acf-field-group

acf-field

ai1ec_event

exactmetrics_note

Reducing Modern Slavery
Guidance

Committee of Public Accounts, Thirty-Sixth Report of Session 2017–19 Modern slavery encompasses slavery, servitude and compulsory labour and human trafficking. In 2014 the UK Home Office (the Department) estimated that there were between 10,000...Read More

Anti-Trafficking Task Force (ATTF) Ukraine terms of reference
Guidance

Human trafficking is a crime and a human rights violation, with serious human rights and protection implications - and which is known to significantly amplify in times of wars, crisis and conflict. This is reflected in several reports published by U...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

Model Law against Trafficking in Persons
Guidance

The UNODC Model Law against Trafficking in Persons was developed by theUnited Nations Office on Drugs and Crime (UNODC) in response to the request of the General Assembly to the Secretary-General to promote and assist the efforts of Member States to...Read More

TAGS: