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Finance industry advised it can help stop world slavery

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BANKING and finance staff in Guernsey can help spot and stop slavery across the world, a counter-trafficking expert has said.

Head of policy compliance for the Guernsey economic crime division Adrian Hale and Archana Kotecha from Liberty Asia, at Les Cotils. Ms Kotecha has been in the island to give a presentation about how it is important to identify funds generated from human slavery and trafficking. (Picture by Juliet Pouteaux, 21953816)

Archana Kotecha gave a presentation to a packed room of local finance staff and emergency services yesterday at Les Cotils to let them know what they can do to help.

Ms Kotecha works for Liberty Asia, which aims to prevent human trafficking through legal advocacy, technological interventions, and strategic collaborations with NGOs, corporations, and financial institutions.

She said that more than 40m. people were involved in human trafficking and it was a $150bn industry.

‘It’s a huge problem, that impacts a lot of countries,’ she said.

‘And also finance centres in particular, because a lot of accounts that hold funds from trafficking are held in these areas.’

She said it was important to identify that money and notify the authorities.

‘Absolutely Guernsey can make a difference,’ she said.

She said it was vital that authorities and finance workers are educated about what to look for and know where the money they were holding was coming from.

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Head of policy compliance for the Guernsey economic crime division, Adrian Hale, said they had about 150 people attending yesterday’s event.

He noted that dealing with modern-day slavery was high on the priorities of the UK government.

‘We work with the UK and share information with them about crimes, including modern-day slavery,’ he said.

‘Bringing over Archana was about bringing that message to the private and financial sectors and for them to understand what they should be looking for.’

He said the event has been a real success.

Juliet Pouteaux

By Juliet Pouteaux
News reporter

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