Sarah Byrne co-authors American Banker BankThink column: Modern slavery survivors need support from more financial institutions
Moore & Van Allen (MVA) Member Sarah Byrne co-authored an American Banker BankThink column titled, “Modern slavery survivors need support from more financial institutions,” which was published on January 22.
“While the regulatory focus on modern slavery prevention is important — in particular the routine monitoring of suspicious transactions — the financial sector also needs to focus on financial inclusion. Survivors are often excluded from financial services when they do not have official identity documentation, good credit history or a permanent address. In conjunction with stronger anti-financial-crime efforts, financial inclusion programming can go far to enhance victims' access to meaningful financial products and is a proven means to effectively protect populations vulnerable to modern slavery.”
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