From the VS. Blog

    September 23, 2014

    New FinCEN Guidance for Financial Institutions on Human Smuggling and Trafficking

    by Jodi L. Avergun & Lory C. Stone

    Financial institutions need to take heed of specific red flags that are indicative of human smuggling and trafficking, warned the Financial Crimes Enforcement Network (“FinCEN”) in an advisory issued on September 11, 2014, and report suspicious activity to FinCEN. “Financial institutions, large and small, can play a critical role in identifying and reporting transactions related to these unlawful activities based on their observations when interacting with customers and their monitoring processes,” said FinCEN.

    September 15, 2014

    Summary of the 2014 TIP Report

    by Christina Holder

    As VS. previously reported, on June 20 the U.S. Department of State released its 2014 Trafficking in Persons Report (TIP Report). Since first being published in 2001, the annual TIP Report has become an indispensable source of data for governments and civil society organizations concerned with human trafficking. This year’s theme, “Journey from Victim to Survivor,” focuses on the legal structures, policies, and assistance needed for victims to become survivors, as well as the unique role that survivors play in developing solutions. The report covers the period of April 1, 2013 through March 31, 2014, during which an estimated 44,000 survivors of human trafficking were identified internationally. The report estimates that there are still an estimated 20 million victims worldwide.

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