Ep317: What banks should be doing to put a dent in the child trafficking trade

Yaron Hazan, VP Regulatory Affairs, Thetaray

Forced labour is said to generate $150 billion in profits every year. However, artificial intelligence-based monitoring can spot the money laundering schemes that many human traffickers rely on. Implementing such a system would allow banks to proactively stop illicit profits from getting through and alert authorities to suspicious activity. Robin Amlôt of IBS Intelligence speaks to Yaron Hazan, VP Regulatory Affairs at Thetaray about what banks can and should be doing.