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How the financial industry can help stop modern slavery - AllianceBernstein

Disrupting the money flow is perhaps the best way to curb the scourge.

Posted on Aug 05, 2022

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... Modern slavery is a lucrative business that can’t exist without the financial system. Yet the financial industry is largely ignorant of the problem. Asset managers have an important role to play in challenging poor practices that allow this social evil to persist. Forced labor, debt bondage and human trafficking victimize more than 40 million people worldwide each year. Governments and companies are increasing efforts to combat many forms of human exploitation in business operations and supply chains across industries from mining to agriculture to retail. Yet, in every sector, modern slavery has one thing in common - it’s driven by the massive profits reaped from taking advantage of vulnerable people.

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