Global estimates suggest that over 40 million people live in conditions of modern slavery, generating US$50 billion in illicit profits each year. With an increasing global focus on tackling modern slavery, now is a critical time for Hong Kong.
Please join us for this briefing with the Hon Dennis Kwok, practising barrister and a current member of the Legislative Council, representing the legal profession in Hong Kong. Since 2017, Mr Kwok has spearheaded a campaign to introduce a Modern Slavery Act in Hong Kong similar to legislation introduced in the UK and, more recently, Australia. Recommendations in Mr Kwok's bill include life sentences for traffickers, an obligation on companies to report on steps taken to ensure that their operations and supply chains are free from slavery, and giving law enforcement officers wider powers to investigate offences. In the context of Hong Kong's imminent report from the Financial Action Task Force following its anti-money laundering mutual evaluation in late 2018 and the US State Department's Trafficking in Persons report due mid-year, this will be a timely briefing.
With introductory remarks from Kenneth Pemberton (Regional Head of Intelligence, Financial Crime Compliance at Standard Chartered Bank), Mr Pemberton will outline the challenges faced and contributions made by financial institutions in global financial centers like Hong Kong to disrupt the flow of funds associated with modern slavery.
8:15am Registration (Light breakfast included)