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Human Trafficking, the Second Largest Crime in the World, is Aided By Laundering, Says Anti-Corruption Expert
printHuman trafficking profits are estimated to be between 10 and 40 billion dollars annually, but few people are taking the time to root out related money laundering transactions, according to Dr. Louise Shelley. What's more, the wire transfers and real estate transactions tied to the crime might be detected and blocked with greater attention and knowledge of the regions where human trafficking is most prevalent, said Shelley, director of the Terrorism, Transnational Crime and Corruption Center (TraCCC) at George Mason University, an organization that studies terrorism, transnational crime and corruption issues. But compliance officers mandated to understand the risks of...
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