Tackling Illicit Financial Flows at Source: Adopting a ‘Location-Centred Approach’ to Address Modern Slavery and Human Trafficking
Frank Haberstroh (2024). Tackling Illicit Financial Flows at Source: Adopting a ‘Location-Centred Approach’ to Address Modern Slavery and Human Trafficking. United Nations University.
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Sub-type Policy brief Author Frank Haberstroh Title Tackling Illicit Financial Flows at Source: Adopting a ‘Location-Centred Approach’ to Address Modern Slavery and Human Trafficking Publication Date 2024-03-01 Place of Publication New York Publisher United Nations University Pages 20 Language eng Abstract This UNU-CPR Discussion Paper examines the potential of location risk-based transaction monitoring for financial flows from human trafficking and exploitation, as well as related money-laundering activities. It presents different approaches that use crime-specific high-risk locations as red flags for the detection of relevant activities. They include the application of customized high-risk country lists and the increased monitoring of transaction channels between typical source countries and destination countries of trafficked individuals. The paper illustrates how a refined search for the involvement of specific regions and cities and an advanced monitoring of suspicious transactions along known trafficking routes – which we term a ‘Location-Centred approach’ - can substantially increase the accuracy of indications for human trafficking and exploitative crimes. After a promising pilot in Germany in 2020, the concept was tested and further developed by more than 20 organizations in a project within the Europol Financial Intelligence Public- Private Partnership. To illustrate the potential of the approach, the paper refers to ongoing practical work and related findings. To the extent possible, the case studies contain detailed information on the amounts of the transactions concerned, the criminal proceeds related to them, as well as indications for consistent typologies of financial activities accompanying trafficking crimes. The concept has been developed for human trafficking and exploitative crimes, but it may well be transferable to other forms of trafficking crimes such as drug trafficking, illegal arms trafficking, wildlife crime, and trafficking in cultural property. UNBIS Thesaurus INSTITUTIONAL ECONOMICS
CRIMINAL LAW
ILLICIT FUNDS TRANSFER
TRAFFICKING IN PERSONS
PUBLIC FINANCEKeyword Modern slavery
Forced labour
Trafficking in persons
Illict financial flows
FinanceCopyright Holder United Nations University Copyright Year 2024 Copyright type Creative commons ISBN 9789280866216 -
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