Arachnys harnesses the world’s information to make the world a safer place. We are passionate about helping financial institutions revolutionize the way bad actors are thwarted -- to secure our collective futures. And everyone who works at Arachnys shares a common destination to deliver on that vision -- we strive to build superior Know Your Customer (KYC), Anti-Money Laundering (AML) and Enhanced Due Diligence (EDD) solutions, and a great company that does good in the world.
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There are more humans being trafficked today than at any other time in history. Currently, almost 21 million men, women and children are victims of forced labour or sex trafficking. And the figure is growing by 240 every hour. Human slavery is now the second most profitable criminal enterprise in the world after the illegal arms trade, generating over $150bn in illegal profits every year or the equivalent of $410m every day. This cannot continue.
Companies can become unwitting participants in slavery due to a lack of clarity around the actions of their suppliers, partners or contractors. As an organisation that aims to improve compliance and due diligence checks globally, we believe we have a responsibility to help these companies combat this issue and spot the warning signs before it’s too late.
We are therefore proud to announce a new partnership with Liberty Asia, one of the world’s premier anti-slavery organisations. On Thursday 30th July, the World Day Against Trafficking in Persons, Arachnys will be sponsoring Liberty Asia’s ‘Wired for Freedom’ conference in Hong Kong. Unlike many of the other anti-human trafficking NGOs in existence, this organisation concentrates on stopping slavery at the systemic level using technology platforms, data, and intelligence to prevent financial crimes.
Companies exporting goods to foreign countries need to demonstrate compliance with local labour laws, and countries have an obligation to be compliant with international anti-trafficking protocols. By enabling companies to process AML, KYC and other compliance checks in minutes, we can help them ensure the integrity of their supply chains and prevent them from directly, or indirectly conducting business with illegitimate or criminal organisations.
We still have a long way to go, but we know that in order to achieve a significant reduction in slavery and bring down the beneficiaries of this vast criminal enterprise, we need to work together with the companies that are on the frontline.
Please find below the details of the event. If you are interested in taking part in the conference or have any further questions, please get in touch via firstname.lastname@example.org
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