Human Trafficking
Human trafficking is the exploitation of people by force, fraud, or coercion for reasons such as forced labour, sexual abuse, or organ harvesting. It is considered a grave violation of human rights and is frequently linked to organised crime networks that benefit from abusing vulnerable people. In the context of anti-money laundering (AML) efforts, financial […]
Human Smuggling
Human smuggling refers to a person’s transport or illegal entry across international borders in contravention of one or more countries’ laws. Human smuggling differs from human trafficking in that it focuses on the entry or transport rather than the exploitation of the person involved.
The Hong Kong Monetary Authority (HKMA)
HKMA is the central banking institution and the de facto central Bank of Hong Kong. It was established in 1993 as an independent authority under the Hong Kong Special Administrative Region (HKSAR) government. The HKMA is responsible for maintaining the stability and integrity of Hong Kong’s monetary and financial systems.
Hit
A potential match or name match in the sanctions screening process indicates a possible sanctioned person.
Hawalada
A hawala broker.
Hawala
An informal value transfer mechanism exists in the Middle East, North Africa, and the Indian subcontinent. The system works outside of established banking systems. In its most basic form, a customer approaches a hawaladar and provides him money to transfer to another individual. The hawaladar contacts his counterpart in the second person’s home, who then […]