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Role of banks in fighting slavery and trafficking
Suspicious transactions should be reported to the Financial Reporting Centre or Financial Intelligence Authority. file photo | nmg
The news is often awash with reports of illegal practices such as human trafficking, slavery and forced labour. The groups behind these crime nonetheless still access formal banking services to receive funding, purchase equipment and pay their instructors amongst other expenses.
But how can donor organizations, operations, risk and compliance officers, or even ordinary citizens identify suspicious activities and organisations?
