Webinar Replay: Identifying human trafficking through AML and alternative data

Fill in the form to watch a replay of this webinar (Recorded Dec 1, 2020)

Human trafficking remains a disturbingly large global problem. An estimated 40.3 million victims are trapped in modern-day slavery: 24.9 million of those are involved in forced labour, with 16 million exploited in the private sector.

The illicit proceeds gained from this criminal activity present great risk for banks. While Anti-Money Laundering processes do offer some help in fighting human trafficking, by identifying and tracing the complex networks at play, more can be done. Alternative datasets, including trade, satellite and transaction records, offer new ways for banks to mitigate their exposure however, in the hope of bringing traffickers to justice.

We are thrilled to be joined by Steve Farrer, a recognised expert in working in the financial sector to help fight human trafficking, for this webinar. Steve will join Arachnys CEO David Buxton to discuss some of the most pertinent issues today, and how banks can use AML and alternative data to help reduce human trafficking.

In this webinar our speakers will look at:

• The impact of forced labour and why banks need to be aware
• How Anti-Money Laundering frameworks can reduce human trafficking
• Four ways that banks are at risk 
• Proactive warning on risk - identifying patterns using alternative data
• The role of adverse media monitoring
• Unpicking supply chains through trade data and corporate registries

Speakers