Banker's Compliance Consulting Blog

BSA/AML/CFT: Human Trafficking

Written by Kevin Edwards | Aug 11, 2025 7:41:48 PM

FinCEN defines human trafficking as the act of recruiting, harboring, transporting, providing, or obtaining a person for forced labor or commercial sex acts through the use of force, fraud, or coercion. This can include online child sexual exploitation. (OSCE).  The Financial Action Task Force, or FATF, issued a report on Detecting, Disrupting and Investigating Online Child Sexual Exploitation. It states that OSCE crimes…include sexual exploitation of children and can also in some cases involve participation in an organized criminal group, fraud, human trafficking and extortion.  It details two specific types of OSCE, Live-streamed Sexual Abuse of Children (LSAC) and Financial Sexual Extortion of Children (FSEC).

The Report gives some General Indicators of Transactions for both LSAC and FSEC activity as well as examples of transactions conducted by consumers and facilitators/abusers that may be indicative of online child sexual exploitation.  We would encourage you to give the Report a look and pass it along to those in your institution who may be in a position to detect such activity.  It’s estimated that 300 million children, or one out of every eight, are impacted by online sexual abuse and exploitation each year.  While these heinous crimes can be difficult to detect, keeping them top of mind and training your employees can help.

Kevin explains more about human trafficking in the video.

 

Published
2025/08/11