As a part of our ongoing efforts to fight monetary crime globally, Nasdaq has partnered with U.Okay.-based charity TRIBE Freedom Foundation, a neighborhood centered on preventing human trafficking and trendy slavery. By the partnership, Nasdaq will help TRIBE within the creation of the TRIBE Survivor Monetary Empowerment Programme, a collaboration between monetary establishments and survivor-support organizations to advertise financial empowerment for survivors and set up a centralized portal for academic monetary literacy supplies, sensible instruments and best-practice steerage on supporting long-term survivor monetary well-being.
“TRIBE Freedom Basis and our neighborhood have been on a mission to finish trendy slavery since 2013. One in all our key goals is to supply long-term help for survivors of recent slavery,” stated Tom Stancliffe, co-founder and managing director on the TRIBE Freedom Basis. “This thrilling partnership with Nasdaq allows us to advertise monetary empowerment for survivors throughout the monetary sector, offering important instruments that can assist change lives. Monetary independence is a vital step in each survivor’s restoration, empowering them to flourish and rebuild their lives.”
The TRIBE Survivor Monetary Empowerment Programme builds upon TRIBE’s earlier work with the U.Okay. Impartial Anti-Slavery Commissioner and present monetary inclusion initiatives and packages to facilitate entry to survivor financial institution accounts, such because the Finance Against Slavery and Trafficking (FAST) initiative. It additionally helps Nasdaq’s Purpose of championing inclusive development and prosperity by equipping survivors with the monetary data to empower them to construct a affluent future and take part in an ecosystem that promotes and sustains their development.
“[TRIBE’s] values and targets of combatting human trafficking and trendy slavery align with Nasdaq’s ambitions to safeguard the capital markets and detect illicit proceeds from crimes associated to human trafficking. This partnership with TRIBE Freedom Basis leverages our mixed capabilities and networks to create a long-lasting impression for survivors,” stated Darren Innes, head of AML Merchandise at Nasdaq.
Nasdaq has been intensely centered on increasing its anti-financial crime options, finishing its acquisition of Verafin, an trade pioneer in anti-financial crime administration options, in 2021. Verafin offers a cloud-based, safe software program platform for Fraud Detection and Administration, BSA/AML Compliance and Administration, Excessive-Danger Buyer Administration and Info Sharing that’s leveraged by greater than 2,000 banks and credit score unions.
“By our partnership with TRIBE, our ambition is to leverage our intensive community and experience in anti-financial-crime to coach the trade and its workers on the wide-spread existence of monetary crime, whereas establishing help for communities working to assist survivors achieve freedom and monetary independence,” stated Valerie Bannert-Thurner, senior vice chairman and head of Anti-Monetary-Crime Expertise at Nasdaq.