SAR Series: Human Trafficking Red Flags: Transaction Patterns, Suspicious Activity & SAR Essentials
Can your institution recognize the hidden financial signs of human trafficking? Human trafficking is a global crisis that also occurs in every U.S. state, often hidden within legitimate financial activity. This critical session will describe suspicious transaction patterns, behavioral indicators, and red flags linked to human trafficking. Participants will review guidance from the Trafficking Victims Protection Act and regulatory agencies, learn how to recognize red flags, and understand essential SAR reporting expectations.
KEY WEBINAR TAKEAWAYS
- Spotting red flags for potential human smuggling and human trafficking
- Proper SAR filing for suspected incidents
- Updating your BSA/AML policy and risk assessment
BONUS MATERIALS
- Sample escalation procedures for SAR filings
- Sample policy language to add to your current policy
- Sample language to add to your risk assessment
- SAR Incident Report
WEBINAR DETAILS
The UN International Labour Organization estimates there are as many as 27.6 million victims of human trafficking worldwide at any given time. We often think human trafficking only occurs in distant places, but suspected cases have been reported in all fifty U.S. states. The Trafficking Victims Protection Act of 2000 established human trafficking as a criminal act, with its two primary forms identified as forced labor and sex trafficking. During this session we will review guidance and tips to help you fulfill your role of identifying and reporting financial transactions relating to human trafficking activity.
