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Risk Readiness: Human Trafficking and Banks- The Next Frontier (Part 2) How Can Banking Industry Fight Human Trafficking?

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Webinar: Virtual


3/21/2023 - 3/21/2023

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Nonmembers $230

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March 21, 2023 1:00pm - 2:00pm ET

Human Trafficking and Banks - The Next Frontier (Part 2)
How Can the Banking Industry Fight Human Trafficking?


According to the Financial Crimes Enforcement Network (FinCEN), which is a part of the U.S. Department of Treasury, human trafficking is one of the most profitable forms of international crime, generating an estimated $150 billion in profits globally each year. FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries. The United Nations estimates there are currently 40 million people held in all forms of forced labor around the world. It is estimated that one-quarter of them are children.

Given the magnitude of this issue, it’s essential that multiple sectors of society come together to prevent modern slavery, human trafficking, forced labor, and sex trafficking from happening in the first place, while identifying and supporting victims across the world. Operational Risk teams in banks have measures in place to combat money laundering, bribery and corruption, terrorist financing, and a wide variety of other financial crimes. These monitoring steps can be invaluable in identifying human trafficking, including both sex trafficking and labor trafficking.


Our speakers:

  • Aseel M Rabie, Counsel, Debevoise & Plimpton LLP
  • Katrina Carroll, Chief Counsel, FinCEN
  • Martina Vandenberg, Founder and President, The Human Trafficking Legal Center
  • Stephen Reuther, Special Agent, Homeland Security Investigations

will share some examples of Human Trafficking incidents that will resonate with those who work with vulnerable communities.

Join this session and learn about:

  • Case studies, including the recent Operation Blooming Onion Indictment
  • US Government Policy
  • Victim Advocacy Perspectives
  • How our speakers and their institutions are involved
  • How FI can help victims
  • Role of SARS
  • Common misconceptions about human smuggling v. human trafficking

Human Trafficking and Banks – Addressing the Hidden Risk (Part 1), recorded on 7/22/2022 can be watched on-demand here.