Regulatory Watch News

• 

  FATF Plenary, October 2021

  FATF

  October 19, 2021

  Under the German Presidency of Dr Marcus Pleyer, delegates representing 205 members of the Global Network and observer organisations, including the International Monetary Fund, the United Nations and the Egmont Group of Financial Intelligence Units, will take part in a hybrid meeting of the FATF Plenary. Virtually connected delegates will join those that are able to travel to Paris for three days of meetings, during which they will discuss key issues to strengthen global action against the financial flows that fuel crime and terrorism.

• 

  Good Use and Abuse: The Role of Technology in Human Trafficking

  UNODC

  October 19, 2021

  Research conducted by the United Nations Office on Drugs and Crime (UNODC) shows how victims are being targeted and recruited via social media and online dating platforms where personal information and details of people’s locations are readily available. Sexual abuse and other forms of exploitation are taking place virtually and photos and videos sold further on different platforms to customers worldwide, resulting in even more money for the traffickers at no additional cost.

• 

  50TH EU DAY AGAINST HUMAN TRAFFICKING

  Europol

  October 18, 2021

  Trafficking in human beings is a key threat perpetrated by criminal networks across the EU and harms victims through different forms of exploitation. Sexual exploitation is carried out in clandestine settings and public environments, targeting both adults and minors of all genders. The origins of victims of trafficking in human beings used for sexual exploitation in the EU are highly diverse, with more than 55 different reported nationalities inside and outside the EU. Labour exploitation occurs in various sectors of the economy, with more loosely regulated sectors being particularly vulnerable. Victims are typically exploited as low-wage and low-skilled seasonal workers. Traffickers also abuse their victims through several other forms of exploitation such as forced begging and  forced criminality. Child trafficking is a particularly serious crime as it targets such vulnerable members of society. The trafficking and exploitation of underage victims occurs across the EU and targets both EU and non-EU victims, for various types of exploitation.