Suspicious Financial Activity and Human Trafficking – Red Flags You Can Recognise

This guide aims to raise awareness of suspicious financial activity and the money laundering risks associated with human trafficking: finance sector

Human trafficking is a local, national, international and global issue. It is both cross border and within borders. It is a Low Risk – High Reward activity and as such it is a major, global money spinner alongside other major organised crime activities such as the financing of terrorism and drug trafficking.  Human trafficking is big business.

The definition of human trafficking, as provided by The Trafficking in Persons Protocol, is: “the recruitment, transportation, transfer, harbouring or receipt of persons, by means of the threat or use of force or other forms of coercion, of abduction, of fraud, of deception, of the abuse of power or of a position of vulnerability or of the giving or receiving of payments or benefits to achieve the consent of a person having control over another person, for the purpose of exploitation. Exploitation shall include, at a minimum, the exploitation of the prostitution of others or other forms of sexual exploitation, forced labour or services, slavery or practices similar to slavery, servitude or the removal of organs.”