Overview

Human exploitation has become the most pervasive criminal economy in the world, with much associated illicit money flowing through the global financial system. Both human trafficking and online child exploitation are estimated to be billion-dollar industries. With the vast amount of illicit funds needed to plan and perpetrate these heinous crimes, they leave multiple global touchpoints with the formal financial sector. Therefore, financial crime professionals and investigators can use transactional data and financial intelligence analysis to identify human exploitative crimes. It is not just a humanitarian crime, but in many jurisdictions, human trafficking and sexual exploitation are predicate offenses to money laundering. Many institutions have legal obligations to monitor, identify and report suspicious activities related to human exploitative crimes. This webinar considers several case studies which will help AFC professionals act on information and red flags. The goal is to potentially help mitigate that threat, learn from it and put in place a suitable control framework.