Combating Modern Slavery and Human Trafficking: What Financial Institutions Should Know
Date: September 11, 2018
Time: On Demand
The issue of modern slavery continues to be a sensitive topic within the private sector. A lack of experience in dealing with this complex issue means that many companies don’t know how to begin the process of engaging. Non-engagement is no longer an option, as supply chains involving forced labour have come under a multitude of scrutiny:
- A range of new legislation related to modern slavery – reporting requirements in the UK, California, France, Australia, and potentially Hong Kong;
- Greater attention in government procurement practices;
- Increased screening by banks and other financial institutions;
- Increasing numbers of lawsuits against corporations; and
- Greater media and consumer attention.
Listen as Pheobe Ewen from the MeKong Club and Bonnie Liggett from RDC discuss steps financial organizations and corporations can take to further understand these crimes and take action to keep criminals out of their organizations.
– Introduction to the MeKong Club and their efforts to assist the private sector in identifying modern slavery
– Tools to increase efficiency of risk management procedures
– Trends around application of AI, machine learning and content aggregation to detect potential modern slavery activity