Human trafficking remains one of the three most profitable criminal activities in the world, generating $150 billion a year. These profits find their way into the formal financial system, opening opportunities for anti-money laundering actions. Yet significant gaps exist in understanding the links between trafficking in persons (TIP) and money laundering and how to leverage those links to effectively attack the criminal enterprise of trafficking.
This webinar engages the wider anti-trafficking community on this topic and discusses the intersection between anti-money laundering (AML) and CTIP and how financial industry tools such as typologies are developed and can be used by other actors, including the broader private sector, civil society, governments, and law enforcement to strengthen their anti-slavery efforts.
Our panelists explain why the existing anti-money laundering frameworks can be so impactful to combat human trafficking and discuss the developments and strategies to improve the application of financial investigation skills through sharing of information and experiences on trafficking in persons operations.
Speakers:
Olga DiPretoro, Winrock International
Val Farabee, Liberty Shared
Nicholas Schumann, HSBC’s Financial Crime Threat Mitigation (FCTM)