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Human Trafficking & Slave Labor › Financial Services Industry

Hard to imagine that human trafficking and slavery still exists today, and yet they do. Here's a look legal developments in the important fight against what President Barack Obama has described as "one... more +
Hard to imagine that human trafficking and slavery still exists today, and yet they do. Here's a look legal developments in the important fight against what President Barack Obama has described as "one of the great human rights causes of our time..." less -
Holland & Knight LLP

FinCEN Geographic Targeting Order Imposes Additional Recordkeeping and Reporting Requirements

Holland & Knight LLP on

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 11, 2025, issued a Geographic Targeting Order (the Southwest GTO) as part of a "whole-of-government approach" to leverage all...more

American Conference Institute (ACI)

[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 5th - 6th, Toronto, Ontario, Canada

American Conference Institute (ACI) on

Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming providing practical guidance...more

Orrick, Herrington & Sutcliffe LLP

CFPB revises supervision and examination manual

Orrick, Herrington & Sutcliffe LLP on

On June 5, the CFPB revised its Supervision and Examinations Manual to incorporate minor changes for larger participants under “Module 7 - Consumer Alerts, Identity Theft, and Human Trafficking Provisions.” ...more

Orrick, Herrington & Sutcliffe LLP

FinCEN offers suspicious activity reporting guidance for human smuggling along U.S.- Mexico border

Orrick, Herrington & Sutcliffe LLP on

On January 13, the Financial Crimes Enforcement Network (FinCEN) issued an alert advising financial institutions on how to detect and report suspicious financial activity that may be related to human smuggling along the...more

Troutman Pepper Locke

CPFB Issues Final Rule for Credit Reporting for Survivors of Human Trafficking

Troutman Pepper Locke on

On June 23, the Consumer Financial Protection Bureau (CFPB) issued a final rule, prohibiting consumer reporting agencies (CRAs) from reporting adverse information resulting from human trafficking on survivors’ credit reports....more

Cadwalader, Wickersham & Taft LLP

CFPB Imposes Several New Duties on Big Data Brokers

Cadwalader, Wickersham & Taft LLP on

The Consumer Financial Protection Bureau (“CFPB”) has issued several statements affecting the credit reporting industry in the last few months, including one on medical debts and one on auto financing, while at the same time...more

Brownstein Hyatt Farber Schreck

Comparing the House and Senate China Packages

Brownstein Hyatt Farber Schreck on

On Tuesday, Jan. 25, House Democrats introduced the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength (COMPETES) Act (H.R.4521). In addition to the legislative text, lawmakers...more

Moore & Van Allen PLLC

Financial Services’ Role in Anti-Trafficking, Human Rights, and ESG is at Turning Point

Moore & Van Allen PLLC on

Last month marks the tenth anniversary of the United Nations’ Human Rights Council adoption of the Guiding Principles on Business and Human Rights (“UNGPs”), setting forth the internationally-accepted framework for the role...more

Latham & Watkins LLP

UK Independent Anti-Slavery Commissioner Publishes Recommendations for the Financial Industry

Latham & Watkins LLP on

The report’s recommendations cover a number of areas, including culture and strategy, monitoring and reporting, investor engagement, policy formation and employee training, and philanthropy. A new report from the UK...more

Morrison & Foerster LLP

Watch Out And Speak Up: The UK Independent Anti-Slavery Commissioner Calls For Immediate Action In The Finance Industry

Morrison & Foerster LLP on

A new report concludes that employees and organisations in the financial services industry do not see the crimes and human rights breaches described in the UK Modern Slavery Act 2015 as something they can prevent. The report...more

Moore & Van Allen PLLC

House Financial Services Subcommittee Tackles Trafficking Prevention in Financial Systems

Moore & Van Allen PLLC on

Last week, the House Financial Services Committee Subcommittee on National Security, International Development and Monetary Policy held a hearing on transnational trafficking networks and illicit finances. Titled “The...more

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