Commonwealth of Australia, House of Representatives, Hansard, Wednesday, 12 September 2018

Hearing description:

The Modern Slavery Bill is currently being considered by Parliament. On 12 September 2018 there was a second reading during which a number of members gave speeches and put forward amendments including the inclusion of penalties for non-compliance and the establishment of an independent commissioner. Ms O’Neil of Hotham stated, ‘tackling slavery and exploitation is absolutely core to Labor’s mission’ and that, ’Modern slavery is everywhere we look. The problem that we face is that we are not looking enough and that brings us to the bill before us’. She also stated, with regard to the importance of penalties for non-compliance, that, ‘For a long time, companies have argued that what their suppliers do is none of of their business, and we just believe that is not good enough anymore….I just want to make it absolutely crystal clear that complying with Australian law is not optional; it’s not optional for the ordinary citizen, it’s not optional for people that sit in this chamber and it should not be optional for big business’. There is indeed overwhelming support for the Modern Slavery Bill, Mr Crewther, who led the Modern Slavery inquiry, when speaking said, ‘this is indeed an issue that has brought together both the left and right not only in politics but in the broader community’.

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‘Survivor says world at trafficking ‘tipping point’, urges cash crackdown’ by Kieran Guilbert

Article description:

This article was published by Thomson Reuter’s Foundation, news and information company, who are part of a coalition to ‘boost the fight against financial crime and modern-day slavery’. Also, in the coalition is the World Economic Forum, Europol, a policing agency, and Rani’s Voice, an anti-trafficking enterprise.

Rani Hong, slavery survivor and founder of Rani’s Voice says that corporations, governments and charities must share data and work, particularly with regard to finances, to identify and stop human trafficking networks. The role of financial institutions, such as banks, is particularly critical in this space since traffickers rely on these institutions to move and launder money.

United States Banks Alliance, formed by Thomson Reuters Foundation, have launched a toolkit to help financial institutions uncover trafficking in their systems.

Read the article here