The refugee crisis caused by the Russia-Ukraine war has seen more than 2.8 million refugees fleeing war-torn Ukraine. Many Ukrainians are seeking asylum in bordering nations or moving onwards to stay with relatives elsewhere in Europe. These individuals, mainly women and children, are extremely vulnerable to exploitative actors. In light of this ongoing risk, financial institutions (“FIs”) should review common typologies associated with human trafficking, particularly for activity in jurisdictions neighbouring Ukraine and elsewhere in Europe. FINTRAIL has compiled the following advisory guide and overview of red flags to assist FIs in identifying instances of human trafficking.
Human Trafficking in Relation to the Ukraine Crisis