Tailoring BSA/AML Risk Assessment to Combat Forced Labor in Supply Chains
By: Shirley Duquene (BUSL ’21) Forced labor generates an estimated $150 billion dollars of profits annually; these illegal proceeds are likely to pass through the banking system. Thus, it is crucial that financial institutions identify, monitor, and report transactions suspected to involve forced labor proceeds both in order to comply with anti-money laundering laws and to assist […]