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SARs on Trafficking Victims Often Do Not Help Law Enforcement: FATF

By Koos Couvée

Suspicious activity reports filed on potential victims of global human-trafficking operations usually do not launch or advance investigations, an intergovernmental group claimed Thursday. In a 74-page report, the Financial Action Task Force outlined an extensive set of “granular indicators” of human trafficking and advised financial institutions to more frequently review transactions alongside “wider contextual information,” including passport details, utility data and other records to obtain a “richer picture” of perpetrators and their victims. The most “unique and identifiable” indicators of attempts to launder profits from the global slave trade occur at the level of the victim or the lower rungs...

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