The F.O.R.C.E.

Human Trafficking: Financial Institutions on the Frontline

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In this episode of FIBA on Risk and Compliance Excellence (The F.O.R.C.E.), David Schwartz, President & CEO of FIBA, leads a compelling conversation on the global crisis of human trafficking and the critical role financial institutions can play in addressing it.

Joining him are two powerful voices:

  • Rani Hong, survivor of child labor trafficking, global advocate, and co-founder of Social Detective, a new AI-driven platform designed to detect trafficking and fraud.
  • John Tobon, former Assistant Director for Homeland Security Investigations and expert in financial crimes, who brings decades of frontline law enforcement experience.

    • Together, they examine the human and financial dimensions of trafficking—one of the fastest-growing criminal enterprises worldwide.

    Key Topics Include:

    • Beyond the headlines: Why forced labor represents the majority of trafficking cases—often hidden from public view.
    • The financial footprint of crime: How illicit proceeds move through global financial systems, and the urgent need for vigilance by banks.
    • Technology as a tool: How Social Detective uses AI to identify suspicious transactions, patterns, and red flags in real time.
    • Challenges in enforcement: From secrecy and control by traffickers to limited prosecutorial support, and how collaboration can close the gap.
    • Role of financial institutions: Why “every payment tells a story” and how banks can help prevent exploitation by strengthening KYC, breaking down silos, and acting on red flags.
    • Looking ahead: How major global events like the World Cup and Olympics heighten risks, and why businesses and individuals alike must stay alert.

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      The F.O.R.C.E.By FIBA Bankers