HUMAN TRAFFICKING LINKAGE WITH MONEY LAUNDRING AND TERROR FINANCING Exploitation of weaker human beings by a stronger human being for profit purpose is the most heinous crime against humanity. It is in existence in the world since the time of ancient Greek & Romans to Portuguese, Spanish, Englishman & Arabs in medieval time. Human trafficking is a crime against a person because of violation of the victim's human rights as per international convention. Human Trafficking is a low risk high profit industry generating billions illicit profits every year. Human trafficking broadly means the trade of human beings, most commonly for the purpose of forced labour, sexual slavery or commercial sexual exploitation for the trafficker or others. It encompass the recruitment, transport, transfer, holding a person by threat, force, abduction, coercion, deception or fraud for exploitation for the purposes stated before. Accordingly, the process involves, action, means a...
New risk areas in banking and mitigation measures to ensure safe banking