Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Bipartisan bill targets human trafficking

Joe Mont | May 10, 2017

An unlikely pairing is pursuing legislation that seeks to shut down access to the financial system for human traffickers.

U.S. Senators Elizabeth Warren (D-Mass.) and Marco Rubio (R-Fla.) have introduced legislation to aid financial institutions in identifying and reporting instances of human trafficking, so that offenders can be prosecuted and victims can be protected.

The End Banking for Human Traffickers Act would direct federal banking regulators to work with law enforcement and financial institutions to combat the use of the financial system for human trafficking.

The bill would further increase collaboration between law enforcement and experts in financial crimes by adding financial intelligence and regulatory officers to the President's Interagency Task Force to Monitor and Combat Trafficking in Persons. The task force would be required to...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.