Canada’s financial intelligence agency warns that major sporting events can increase the risk of vulnerable people being exploited by human traffickers. A bulletin advises businesses to watch for money transactions that may be linked to trafficking for sexual exploitation or forced labour. The agency filters millions of financial records from banks, credit unions, money service businesses, casinos, and other sources to identify cash connected to money laundering. It then discloses actionable intelligence to police and security partners, including the Canadian Security Intelligence Service and the RCMP. In 2024-25, it made 316 disclosures supporting human trafficking investigations, identifying 538 subjects and supporting 26 project-level investigations. The World Cup co-hosted by Canada, Mexico, and the United States runs from June 11 to July 19.
"Major international sporting and entertainment events can draw hundreds of thousands of domestic and international visitors to host cities, the bulletin notes. These events may be associated with an increased risk of sexual exploitation, particularly when the influx fuels demand for accommodations, nightlife, entertainment and commercial sexual services near event venues and transportation hubs, Fintrac says."
"A new bulletin from the Financial Transactions and Reports Analysis Centre of Canada advises businesses to look out for signs of money transactions that could be linked to trafficking for the purpose of sexual exploitation or forced labour. The agency identifies cash linked to money laundering by filtering through millions of pieces of information each year from banks, credit unions, money service businesses, casinos and others."
"Fintrac discloses the resulting intelligence to police and security partners, including the Canadian Security Intelligence Service and the RCMP. The agency says it made 316 disclosures of actionable financial intelligence in 2024-25 to law enforcement agencies in support of their human trafficking investigations. These disclosures identified 538 subjects of interest and supported 26 project-level investigations, the agency says."
Read at www.cbc.ca
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