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1. Understanding Human Trafficking
This article is the first part of a three-part series on human trafficking. Anti-financial crimes (AFC) professionals are uniquely positioned to identify human trafficking operations through their financial footprints. AFC professionals can support criminal cases to mitigate the burden placed on victims and they can also…
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2. Understanding and Identifying Sex Trafficking
This article is the second of a three-part series on human trafficking. As we learned in the article Understanding Human Trafficking, in the U.S., sex trafficking is defined as follows: Figure 1: Section 7102 (11) (A) of Title 22 U.S. Code“The recruitment, harboring, transportation, obtaining, patronizing, soliciting, or…
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3. Understanding and Identifying Labor Trafficking
This article is the third of a three-part series on human trafficking. The first article of this three-part series, “Understanding Human Trafficking,”¹ covered the definitions and terminology associated with human trafficking (HT), including the U.S. federal definition of labor trafficking. Although sex trafficking is more…
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4. Perspective: Addressing SEC-Identified AML Program Deficiencies at Broker-Dealers
Recent Publication In late July 2023, the U.S. Securities and Exchange Commission (SEC) Division of Examinations published a Risk Alert entitled, “OBSERVATIONS FROM ANTI-MONEY LAUNDERING COMPLIANCE EXAMINATIONS OF BROKER-DEALERS”1. The Risk Alert identified AML compliance shortcomings identified during recent broker-dealer…
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5. Anti-Money Laundering in Capital Markets: Time to Embrace Innovation
Introduction Detecting money laundering risk in capital markets is a challenge which the industry has long struggled to effectively overcome. Capital markets inherent risk characteristics, such as high volumes of transactions, cross-border activity, direct market access and complex product offerings complicates risk…