Human traffickers are forcing victims to obtain loans to finance their activities and open bank accounts to move and conceal their proceeds without drawing the attention of investigators and compliance officers, a Washington, D.C.-based group claimed Thursday.
The Financial Action Task Force and the Asia/Pacific Group on Money Laundering published a report entitled Financial Flows from Human Trafficking in response to the significant growth of human trafficking and migrant smuggling in recent years.
July 31, 2018