Human Trafficking and Modern Slavery

Expert Speak: Archana Kotecha, The Remedy Project

Course Duration: 41minutes
Course Points: 40

Archana Kotecha, Founder, The Remedy Project talked about risks posed by Modern Slavery and Human Trafficking. She covered how a crisis such as Covid-19 amplifies the vulnerability of trafficking victims and the role financial institutions play in curbing human trafficking. She also discussed way forward for Combating Modern Slavery.

This presentation was part of the AMLC-Fintelekt AML/CTF Summit Philippines 2020, conducted virtually from November 23rd – 27th, 2020.

Webinar: Modern Slavery – Is Your Bank Protected?

Course Duration: 38 minutes
Course Points: 35

This webinar was presented by Fintelekt Advisory Services in partnership with The Mekong Club.

Modern Slavery is an umbrella term encompassing a range of human rights violations, from human trafficking and forced prostitution, to forced labour in supply chains. It impacts virtually every industry in every country in the world, with over 40 million victims across the globe. Increasing legislation holds the private sector responsible for combatting this crime, including financial penalties for non- compliance and confiscation of goods suspected to be tainted by modern slavery within supply chains.

The Mekong Club is an anti-slavery NGO that works positively and collaboratively with the private sector to combat modern slavery across industries. The Mekong Club has long-established working groups spanning the finance, hospitality, retail, and manufacturing sectors which meet on a regular basis. These working groups have highlighted the need for a comprehensive standard to which companies should aspire, to effectively identify and mitigate modern slavery risk in their operations and ultimately eradicate this crime by making it unprofitable for the perpetrators involved.

The Mekong Club has developed the modern slavery baseline assessment process to help companies understand the steps that they should be taking to comply with legislation and demonstrate industry leadership in anti-slavery strategy. It consists of a questionnaire process that is completed confidentially as an internal self-assessment, with guidance and input from Mekong Club. This is aligned with the work of the Asia Pacific Banks Alliance, which seeks to standardise the approach of financial institutions with regards to modern slavery risk across operations. Once completed, the Mekong Club team provides feedback and suggestions for how to improve your anti-slavery strategy over time. During this webinar, the Mekong Club team explains the process and how you can get involved.

The speakers in this webinar were Shirish Pathak, Managing Director, Fintelekt Advisory Services, Matt Friedman, CEO, The Mekong Club and Phoebe Ewen, Programme Director, The Mekong Club.

Modern Slavery, Banking, and Money Laundering

Course Duration: 6 minutes
Course Points: 5

In this video by Liberty Shared, the link between human trafficking and money laundering is explained.

The content of this video is for information purposes only and does not constitute legal, financial, or investment advice. Viewers must seek separate advice and guidance.

Expert Speak: Archana Kotecha, Liberty Shared

Course Duration: 48 minutes
Course Points: 45

Archana Kotecha, Asia Region Director and Head of Legal, Liberty Shared, Hong Kong talks about Detecting Human Trafficking through Transactions Monitoring in this presentation from Fintelekt’s Asia AML/CFT 2nd Annual Summit 2020 held virtually from July 20-24, 2020.

Expert Speak: Matt Friedman, The Mekong Club

Course Duration: 30 minutes
Course Points: 25

Matt Friedman, Chief Executive Officer, The Mekong Club speaks about Modern Slavery and the Financial Sector, and more specifically, why it is imperative for banks to undertake a modern slavery risk assessment in this presentation from Fintelekt’s South Asia AML/CFT 10th Annual Summit 2020 held virtually from December 7-9, 2020.

Conversations: Daniel Thelesklaf, AML/CFT and Anti-Corruption Expert

Course Duration: 30 minutes
Course Points: 25

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Daniel Thelesklaf, AML/CFT and Anti-Corruption Expert on regulatory expectations from reporting entities, effective implementation of FATF standards, challenges while setting up public-private partnerships and his thoughts on modern slavery.

Conversations: Matt Friedman, CEO, The Mekong Club

Course Duration: 18 minutes
Course Points: 15

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Matt Friedman, CEO, The Mekong Club on the most challenging aspects of working in the area of countering modern slavery, the nexus between criminals, politicians and the police and advice to compliance teams on tangible steps they should take to help stop modern slavery.

Conversations: Duncan Jepson, Founder and Managing Director, Liberty Shared

Course Duration: 46 minutes
Course Points: 45

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Duncan Jepson, Founder and Managing Director, Liberty Shared on the extent of modern slavery, geo-political issues influencing trends, relation to other predicate crimes and indirect impact on national security, and advice to banks and regulators to better identify modern slavery related transactions.

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