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 FINANCE
    Keyword Modern slavery
    Forced labour
    Trafficking in persons
    Illict financial flows
    Finance
    Copyright Holder United Nations University
    Copyright Year 2024
    Copyright type Creative commons
    ISBN 9789280866216
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    Created: Sat, 02 Mar 2024, 02:42:56 JST by Jack Durrell on behalf of UNU Centre