Lawmakers Praise Financial Industry’s Human Trafficking Barriers

Sens. Elizabeth Warren (D-MA) and Marco Rubio (R-FL) recently praised the financial industry’s efforts to thwart the work of human traffickers.

The lawmakers are supporting the Senate Banking Committee’s inclusion of a provision in the BRINK Act that would combat human trafficking. The language is based on the End Banking for Human Traffickers Act, which was originally introduced by Warren and Rubio earlier this year.

The legislators said the language requires federal banking regulators to work with law enforcement and financial institutions to address the use of the financial system for human trafficking while establishing an office within the Office for Terrorism and Financial Crimes to coordinate with the Interagency Task Force to Monitor and Combat Trafficking in Persons.

 

To read the full story by Douglas Clark on Financial Regulation News: Click Here