Catharine Lumby (Professor of Media at the University of Sydney, author, journalist and Principal of Catherine Lumby Associates) spoke with with Adrian Phoon (Head of Content at GRC Solutions and former Co-Chair of Sydney Gay & Lesbian Mardi Gras)
Modern Slavery generates over $150B in profit and is a financial crime that is increasingly globally regulated. Financial transactions funding modern slavery are often overlooked and only beginning to gain momentum within financial crimes divisions of banks and institutional investors.
The current increased emphasis in Australia on the importance of financial services businesses addressing the needs of vulnerable customers is accompanied by an enhanced understanding of what constitutes ‘vulnerability’. These two developments are of equal importance.