Trinity Human Rights Group
The Economics of Human Trafficking
The Economics of Human Trafficking
"Economics Risks of Human Trafficking"
by Davina Ugochukwu, Esq.
In the eyes of human traffickers, the use of slave labor is a business tactic to maximize profit while limiting cost. In modern law, however, the risks faced by corporations who allow slave labor to occur are beginning to outweigh the economic benefits of human trafficking. From legal consequences under federal and state laws to lawsuits by victims seeking civil restitution, it is becoming increasingly important that transnational corporations maintain clean supply chains. They must do this while providing viable services and product prices in order to remain competitive in their particular markets.
"Money Laundering and Human Trafficking"
by Davina Ugochukwu, Esq.
A business is created for one specific purpose--to make money. Perpetrators who engage in human trafficking see other human beings as mere commodities; they embark in the practice of human trafficking as a business. It is sad enough that perpetrators of human trafficking are able to illegally and immorally profit off of the backs of those they enslave; through money laundering, however, they are further able to benefit from those profits by washing the illegally obtained gains into income that appears legitimate.
Anti-money laundering (AML) frameworks have historically focused on tracking profits made from the trafficking of illegal arms and drug. Such frameworks are created in order to stop criminals from benefiting from their profits, resulting in a disincentive to continue the illegal activity. Statistically, trafficking in persons is the second largest profit building illicit activity after drugs trafficking; therefore, current AML efforts should begin to sincerely address the money laundering of profits made off the backs of modern day slaves.