Available languages:
Disrupting Financial Flows Associated with Slavery, Human Trafficking, Forced Labour and Child Labour
11 Jul 2017 -  Since most of the victims of modern slavery and human trafficking – of which there are an estimated 45.8 million alive today – are women and girls, efforts to tackle Target 8.7 will also contribute to Goal 5 on gender equality. And they are also likely to contribute to other Goals, such as Goal 1 (poverty) and Goal 16 (peaceful, just and inclusive societies). Despite being illegal, modern slavery, human trafficking and forced and child labour are big business. The ILO estimates that forced labour, for example, generates USD 150 billion a year in revenues. Much of the resulting revenue flows through formal financial institutions. The financial sector is consequently uniquely placed to detect and disrupt financial flows associated with these crimes. Organised by United Nations University.