From NGO CSTIP:
NGO Committee to Stop Trafficking in Persons (CSTIP) is committed to the prevention and eradication of human trafficking (HT) in all its forms through advocacy and education. While the Committee’s work is primarily at the United Nations, it works in partnership with its member organizations and other stakeholders taking action on local and national levels.
NGO Committee to Stop Trafficking in Persons (CSTIP) worked with 24 international experts, including SovereigNET Research Affiliate William Jannace, to develop pragmatic recommendations for bankrupting this $150B+ illicit industry. Some recommendations were specifically meant for financial institutions, which included:
- Conducting risk assessments on investments in include HT prevalence in countries and/or industries
- Increase credit ratings for businesses that adhere to zero tolerance policies
- Assist in training to law enforcement in understanding the financial industry and how flows of money work, as well as cryptocurrencies
- Adding corruption on, financial criminal activities, or crimes as a part of ESG ratings
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