In the modern global landscape, financial institutions serve as crucial gatekeepers in the fight against illicit activities such as human trafficking and money laundering. As transnational criminal organizations and terrorists continually evolve their tactics, it becomes imperative for financial institutions to stay vigilant and adapt to emerging red-flag indicators. This panel discussion will delve into the latest strategies employed by these nefarious groups in Canada and the US, exploring the intersection of financial crimes and human trafficking. During this panel, we will explore:

• Identifying red-flag indicators of human trafficking for financial institutions
• Exploring the latest money laundering tactics used by transnational criminal organizations and terrorists in Canada and the US
• Examining information-sharing efforts among federal agencies in Canada
• Utilizing data technology to detect trafficking-related suspicious activities
• Collaborating with law enforcement agencies to support money laundering investigations and prosecutions
• Exploring the use of shell companies in Canada to launder money