These organizations collaborate due to the need for finding new ways for the anti-money laundering community
Polaris, a nonprofit organization in combating human trafficking, announced the formation of a Financial Intelligence Unit. With PayPal’s support, the Financial Intelligence Unit is will detect and block trafficker cash flows, leveraging the US National Human Trafficking Hotline data and other sources. Besides, it will enable prosecutions for financial crimes including money laundering.
Polaris revealed that companies like PayPal, having global technology and financial services expertise, were best positioned in solving the problem of human trafficking by making it more difficult for traffickers to move money.