In 2020, we wrote about the increased regulatory attention on financial institutions’ obligations to detect and respond to human trafficking. In 2021, we wrote about how anti-human trafficking programs fit squarely in banks’...more
12/15/2022
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Civil Liability ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
FinCEN ,
Human Rights ,
Human Trafficking ,
NYDFS ,
Popular ,
RICO ,
Risk Management ,
Sex Trafficking
The United Kingdom Home Office has released guidance to companies that are required to make a public statement about human trafficking risks and prevention measures under the U.K. Modern Slavery Act of 2015. Organizations...more
Anti-Money Laundering and Know Your Customer departments at financial institutions are on the front lines of human trafficking. Not only does enhanced transaction monitoring help law enforcement identify trafficking...more
1/14/2020
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Criminal Liability ,
Financial Institutions ,
FinCEN ,
Know Your Customers ,
Risk Assessment ,
Risk Management ,
Supply Chain ,
Suspicious Activity Reports (SARs)