The cost of human trafficking

The battle to end the exploitation of vulnerable people needs to address the potential role of banks to better understand the financial activity of criminals.

Human trafficking represents the recruitment, transport, receipt and harbouring of people for the purpose of exploiting their labour. 

Globally, it is estimated that there are today about 21 million men, women and children entrapped in this form of modern-day slavery, with about half in Asia alone, according to International Labour  Organisation. 

The United Nations has indicated that there are more slaves in the world today than at any other time in history. 

Victims can be found in factories, fisheries, construction sites, and sex venues and are forced to work for little or no pay, deprived of their freedom, and often...

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