All Human Trafficking articles
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PremiumRisk visibility striking fear in companies onboarding new customers
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
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PremiumWant to be an ethical supply chain influencer? It’s all about the ‘collab’
Supply chain and ethics and compliance professionals could take a page out of the social media influencer playbook and look to collaborate with suppliers more to create their own win-win scenarios.
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News BriefFinCEN: BSA data shows spike in crypto-financed human trafficking
Bank Secrecy Act reporting data disclosed by the Financial Crimes Enforcement Network revealed a significant spike in the use of cryptocurrency to finance human trafficking.
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ArticleHow compliance can help prevent human trafficking
There are many organizations that seek to prevent human trafficking, but their work can sometimes seem distant and detached from our roles as compliance professionals. We must consider how to bridge that gap, with a particular focus on supply chains.
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ArticleReport: Human trafficking undeterred by COVID-19
While many aspects of life over the last year have stagnated because of the pandemic, human trafficking has not slowed down. A new report from the U.S. Department of State explores the latest trends.
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ArticleIs human trafficking financial services’ blind spot?
A new report from BAE Systems demonstrates just how far we have to go in the fight against money laundering, particularly when it comes to human trafficking.
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Article
The reputation-shredding scourge of human trafficking
Recent headlines, sparked by a billionaire’s alleged bad choices, should serve as a reminder of the brand damage companies could face from their involvement in human trafficking and the use, intentional or otherwise, of slave and child labor.
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Blog
DoJ: Seized Website was a hotbed of sex, trafficking, money laundering
The Justice Department this week seized backpage.com, an online forum for prostitution ads, including those related to child trafficking. Days later, President Trump signed into law a bill that carves away one-time legal protections for such sites.
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Blog
After six years, bill to combat human trafficking inches closer to law
The Senate passed the Stop Enabling Sex Traffickers Act with an overwhelmingly bipartisan vote of 97-2. The bill, part of a six-year effort, ammends the Communications Decency Act to allow for the reporting of potential indicators of slavery..
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Blog
Hearing assesses link between human trafficking, U.S. financial markets
The House Financial Services Committee held a hearing this week to solicit expert opinion on how human traffickers exploit U.S. financial markets and what more can be done to strike back.
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Blog
Labor Dept. devotes $60M in fight against human trafficking
The Department of Labor is doling out nearly $60 million in grants to promote labor law enforcement and help end exploitative labor practices in 25 of the United State's trade partner countries.
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Blog
Senate advances human trafficking bills, debates Communications Decency Act
Bills aiming to keep human trafficking off the nation’s roadways roadways passed in the Senate this week. Next up: a legislative effort seeking to attack the problem of Internet-facilitated human trafficking, the Stop Enabling Sex Traffickers Act of 2017.
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ArticleAustralia mulls Modern Slavery Act
‘Land Down Under’ formalizes efforts to attack supply chain slavery issues and human trafficking.
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Blog
Bipartisan bill targets human trafficking
Recently filed, bipartisan legislation seeks to further engage and empower financial institutions when it comes to identifying and reporting suspicions of human trafficking.
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Blog
Beyond complying with the Modern Slavery Act
Companies troubling over how to report due diligence procedures on eliminating human trafficking under the U.K. Modern Slavery Act have been given some help. A new guide from U.K.-based civil society organizations advises companies on how to embed such procedures into their reports. Although the reports are certainly important, says ...
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Article
New law adds to forced labor concerns
In recent weeks, companies have learned—some the hard way—that the government is getting even more serious about human trafficking and forced labor issues. While a new law targets international trade, potentially blocking forbidden products at the U.S. border, an expanding view of joint-employer arrangements is also causing concern for domestic ...
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Article
New U.K. Law Turns Up Heat on Human Trafficking Transparency
Image: Companies doing business in the United Kingdom, take note: a new law in the country establishes new disclosure obligations about what you’re doing to tackle slavery and human trafficking in your operations, as well your supply chain. “Companies should start preparing to ensure compliance with the legislation as soon ...
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Article
Human Trafficking Lawsuits Expose Companies to Greater Supply Chain Risk
Image: While you were worrying about conflict minerals, class-action lawsuits over cat food and shrimp cocktail have emerged as the new compliance risk. Suits against Nestlé and Costco both claim the companies used shrimp produced using slave labor in Thailand. What’s more, plaintiffs are using required supply chain disclosures from ...
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Blog
Bill to Require SEC Disclosures on Human Trafficking
U.S. Reps. Carolyn Maloney (D-N.Y.) and Chris Smith (D-N.J.) have introduced the Business Supply Chain Transparency on Trafficking and Slavery Act of 2015. The bill would require large public companies to disclose measures to prevent human trafficking, slavery, and child labor in their supply chains as part of annual ...
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Article
Human Trafficking Compliance Arrives for Federal Contractors
Image: Starting this month, government contractors must ensure that their supply chain is free of human-trafficking activities. The thicket of new requirements isn’t too different conceptually from other compliance obligations, but the nuances of human-trafficking risk will pose some tricky policy challenges. Companies previously might not have thought much about ...