Psychology Today Interview
To Stop Human Trafficking, Stop Money Laundering
With WinThisFight.org Founder Mitzi Perdue
Mitzi Perdue, founder of Win This Fight: Stop Human Trafficking interviews Kevin Sullivan, CAMS, CCI of The Anti-Money Laundering Training Academy. Read the Psychology Today article to learn how your AML efforts help fight human trafficking.
KEY POINTS
Money-laundering enables the human-trafficking industry.
A trafficker may make millions of dollars a year, but he can’t spend it until he’s “cleaned it” and made it appear legitimate.
Law enforcement needs funding to attack money laundering. Defunding police undermines a most effective way of stopping trafficking.
Tune In!
Drop Future C Notes Episodes To Your Inbox
2 Comments
Submit a Comment
Related Posts
CHARGING GUNS: What’s In Your Holster
Many individuals and organizations are exploring ways to address the growing mass shootings in the U.S. CBS News, The Wall Street Journal, The New York Times, and KPCC radio have all contacted me for an interview to explore the potential of one of the proposed solutions by asking the following question, “Can credit card data be used to prevent some gun related violence?” Let’s detail this idea.
Future of KYC Compliance
Guest Appearance Future of KYC Compliance Staying Ahead of The CurveIn the fast changing world of KYC and AML compliance regulators are cracking down, new laws are being passed, and criminals are getting more and more savvy every day. Listen in to "The Future of KYC...
Kevin Sullivan, CAMS, CCI is a retired 
It is an interesting case. Fighting human trafficking is also depends on banks reporting. The human trafficking case which is described by Sullivan is exposed because the bank discharged its AML responsibility effectively. If the Bank chose not to report /had an ineffective system to identify suspicious transaction/customers, the human trafficking case may not be identified.
Thus, Fighting human trafficking & other serious crimes requires teaching/persuading financial institutions’ employees to provide priorities to their AML responsibilities. From my AML experience, the best way of persuading employees of financial institution is by teaching them the grave nature of the financial crime rather than the regulatory fines the financial institutions face if they do not properly discharge their responsibility. when we make employees of financial institutions partners to combat human trafficking & other crimes, getting results is inevitable.
Thank you for making this important comment Anteneh. Understanding and acknowledging the grave nature of financial crime can and should be part of the foundation of AML training as well as a key motivator for properly discharging AML responsibilities