Asset Recovery and Restitution: Leveraging Inter-agency and Multi-stakeholder Cooperation to Facilitate Compensation for Victims and Survivors of Forced Labour and Human Trafficking
Shen, Andy and Loria-Mae Heywood (2023). Asset Recovery and Restitution: Leveraging Inter-agency and Multi-stakeholder Cooperation to Facilitate Compensation for Victims and Survivors of Forced Labour and Human Trafficking. United Nations University.
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Report
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Sub-type Research report Author Shen, Andy
Loria-Mae HeywoodTitle Asset Recovery and Restitution: Leveraging Inter-agency and Multi-stakeholder Cooperation to Facilitate Compensation for Victims and Survivors of Forced Labour and Human Trafficking Publication Date 2023-11-17 Place of Publication New York Publisher United Nations University Pages 110 Language eng Abstract This report argues that a small but significant change to the international anti-money laundering regime – the laws, regulations, and procedures used to tackle money laundering – could have enormous consequences for the fight against human trafficking and forced labour. Making knowingly benefitting from human trafficking or forced labour a predicate offense to money laundering, the report stresses, would close the gap between the billions generated from these crimes and the meagre compensation provided to its victims and survivors. In addition to securing compensation, Asset Recovery and Restitution, posits that changing the anti-money laundering regime would bring important shifts in the global economy, resulting in less exploitation and fewer labour abuses. The authors explain that once perpetrating individuals or companies understand their profits can be seized and confiscated, their risk calculus will change, and they will be more likely to prevent and avoid supporting these crimes. UNBIS Thesaurus TRAFFICKING IN PERSONS
FINANCE
TRANSNATIONAL CORPORATIONS
LAUNDERING OF FUNDS
FORCED LABOURKeyword Modern slavery
Human trafficking
Forced labour
Finance (corporations)
Supply chainsCopyright Holder United Nations University Copyright Year 2023 Copyright type Creative commons ISBN 9789280866148 -
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