Combating trafficking in human beings by following the money
If you travel a lot – especially January 2020, the National Month for the Prevention of Slavery and Human Trafficking – you’ve likely seen ads asking you to look for evidence of human trafficking and report what you see to the authorities.
Ads like these are great for raising general awareness of the very real issue of human trafficking. There is also a particular need to teach finance and hospitality professionals what to look for when reviewing financial transactions or encountering victims of human trafficking in their facilities.
To combat human trafficking and modern slavery, we must combine the vigilance of families, carers, and the general public with all the means of technology and investigation at our disposal. That’s why CipherTrace has partnered with the Anti-Human Trafficking Intelligence Initiative (ATII).
An important part of the ATII approach is “Follow the Money, Fight Slavery” – and that money increasingly includes A cryptocurrency (or cryptocurrency) is a digital asset that … more. Forced labor and human trafficking are a $ 150 billion industry worldwide. With CipherTrace able to track more than 880 cryptocurrency tokens through its user interface and that number continues to grow, our partnership with ATII can help keep human traffickers hiding behind cryptocurrency transactions. CipherTrace prides itself on being a company that takes a stand in the fight for human dignity.
What are the risk indicators for human trafficking?
To raise awareness of human trafficking risk indicators, ATII recommends financial institutions keep an eye out for the following red flags:
- Little to no cost of living transactions;
- The account is credited through cash deposits, bank transfers or email transfers;
- Deposits are quickly followed by significant transfers to another account or withdrawals;
- Cash deposits in various cities in the city, state, region, or country;
- Paychecks from multiple people deposited into a single account.
ATII also recommends banking and hospitality professionals to look out for the following:
- Does the person make eye contact when they are alone? Do you speak at conversational volume?
- Do you seem disoriented? Are you hesitant in your actions? Is there a lack of hygiene?
- Are they looking at the door or at another person with seemingly unusual frequency?
- If the line is long or a manager is called for help, does the person get excited? Scared? Do you leave your things and go to the door?
- Are they showing any signs of physical abuse? Visible bruises in different healing stages?
- Are you wearing sunglasses indoors?
- Does the person show signs that they have been denied food, water, sleep, or medical care?
- Is there someone else with you? Is this person too attentive? Do they seem to heed every word? Are they translators or do they speak for the person?
- Does the person seem to be trained in what to say or does they look to someone else before speaking?
- If you are in a place of business, is there any evidence that someone is living there?
- Does an adolescent act / become excessively sexualized and possibly engaged in commercial sexual acts when observing life around you? Is he / she in the company of older men / women who do not appear to be related to them?
- If you do business in a customer’s home, is the person living in unsuitable conditions?
- Does the person lack personal possessions and does there seem to be no stable living situation?
- Does the person have the freedom to come and go as they want? Are there inadequate security measures? Do doors close from the inside or from the outside?
What to do if there is a suspicion of human trafficking
If you suspect human trafficking, ATII recommends that you do not confront the trafficker directly – it will be desperate to protect its “investment” and is likely dangerous – but rather that you make careful observations, write down everything you see, and report it. If you see any warning signs of human trafficking in a company, notify the manager. If you are noticed in a public area or transportation hub, notify the authorities. If you observe this during your work, report this to your employer and ensure that you report a suspicious transaction report (transaction report) to a financial institution in a timely and accurate manner. In addition to complying with all required protocols, call the 24/7 National Human Trafficking Hotline at 888-373-7888 (888-37-37-888) or by SMS: 233733 (text “HELP” or “INFO”).
Read more about our partnership with ATII: https://ciphertrace.com/ciphertrace-to-partner-with-the-anti-human-trafficking-intelligence-initiative/