White papers

Human trafficking for labour exploitation: Network of victim funnel accounts

How financial institutions can detect and prevent HTLE

The scale of the human trafficking for labour exploitation (HTLE) is significant, with more than 40.3 million victims worldwide and profits exceeding $150 billion annually for traffickers. In the UK alone, between July and September 2020, 2,506 potential victims of human trafficking were referred, with roughly 25-30% related to forced labor. Many of these victims need support if they are able to escape.

As a financial institution, it is important to be able to detect the links between victim accounts and the
perpetrators to not only combat the financing of terrorism regulations but also avoid violating AML regulations. This white paper details the stages and techniques used by organized criminal groups (OCGs) in HTLE, as well as the relevance for financial institutions and the steps that can be taken to identify and prevent this type of activity.
Additionally, this white paper explores a real-life case study of HTLE in the UK, including the nuances that financial institutions need to understand in order to identify evidence of HTLE.

Download the white paper to better understand:

  • Transactional profiles that could indicate an HTLE risk
  • Techniques and strategies used by organized crime groups, including recruitment, relocation,
    set-up, exploitation, and termination
  • Steps financial institutions can take to identify and prevent HTLE