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RedFlag Accelerator Typologies Quarterly Update: A step forward to help banks stop MSHT and protect children

RedFlag Accelerator Typologies Quarterly Update: A step forward to help banks stop MSHT and protect children

7 Oct 2021

We are very pleased to announce the release of Version 1.4 of RedCompass Labs RedFlag Accelerator “Modern Slavery and Human Trafficking (MSHT) and Child Sexual Exploitation Typologies”.

What's new in the latest version?

  • 2 new scenarios are added which serve to identify financial activity linked to perpetrators, victims and facilitators engaged in and/or facilitating CSE offences.
  • New MSHT and CSE indicators and patterns that have been recently published by regulators and other prominent bodies such as FINTRAC, MENAFATF, FinCEN, EUROPOL, UNODC, and many more.
  • Revision of 3 existing scenarios and incorporation of external feedback received from banks and partners to the red flags section.
  • 6 new high-risk business types and activities as well 5 more high-risk countries.

Click the link to learn more.