This hearing was called by the Committee on Financial Services of the U.S. House of Representatives and focused on illicit financial flows and the key role of the banking industry in combating human trafficking.
This hearing examines how financial institution’s monitor, review, and verify depository relations with a payment processor. In particular, the Subcommittee seeks to better understand potential problems and long-term challenges that exist, including examples of how human traffickers avoid detection.
Witness List
Currently, is it estimated that 1.8 million children are exploited worldwide in prostitution or through pornography. Furthermore, it is believed that 20% of victims trafficked for sexual exploitation are children. In 2001, there were approximately 100,000 pornography sites containing child...
Why is the private sector so important in the fight against modern slavery?
The illicit trade of cigarettes has become a multi-billion dollar business today and has taken centre stage in the global debate in the last few years. There are various ways in describing the illicit cigarette trade: contraband, counterfeit, illicit whites,...
We are all aware of the impact that COVID-19 has had on our lives. The housing of people experiencing homelessness in hotels will definitely have a positive impact, but we also need to be aware of the risks of exploitation occurring. This trainin...Read More
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