White papers

Human trafficking: How financial institutions can fight back

Combat human trafficking and improve AML efforts

Human trafficking is a terrible crime that affects millions of people around the world. It is also one of the 22 predicate offenses outlined in the EU’s Directive on combating money laundering, meaning that financial institutions must do everything in their power to detect and report on any transactional activity linked to human trafficking. However, these efforts are often hindered by a lack of visibility into the performance of existing tools.

The FinCrime Testing Service from SymphonyAI NetReveal aims to address this issue by simulating human trafficking behavioral data to allow banks to test the effectiveness of their existing rules and make improvements moving forward. This white paper explains the AML challenges faced by financial institutions, how the FinCrime Testing Service helps them address these challenges, and how you can get involved and benefit from this innovative technology.