Donations will support critical information sharing, takedown of child sexual abuse material
"Human trafficking and online child sexual exploitation continue to proliferate, and a coordinated, innovative response from across sectors is required to disrupt the flow of money to criminals who benefit from the suffering of others," said
Scotiabank's new support includes:
$20,000 USD for the Anti-Human Trafficking Intelligence Initiative, enabling the Bank to collaborate with other stakeholders to report activity and combat human trafficking through relationships with the broader community, regulatory officers and law enforcement personnel.$250,000 for theCanadian Centre for Child Protection to support Project Arachnid—an innovative tool to combat the growing proliferation of child sexual abuse material on the internet. In almost three years, Project Arachnid has detected more than 40 million suspected images of such material requiring further review and issued more than 8 million takedown notices to providers.$50,000 USD sponsorship of The Knoble, a global network of experts preventing financial crime that harms vulnerable people. As one of the first Canadian organizations to join their corporate network, Scotiabank will help to support The Knoble's work on preventing human crime. The Knoble previously announced the launch of Project Umbra, co-led by Scotiabank's Rajwani. This is a multi-stakeholder collaboration to reduce child sexual exploitation in the US by identifying financial indicators and increasing suspicious activity reporting. This initiative leverages the ground-breaking work of Project Shadow.
In
Additional Quotes
"The Anti-Human Trafficking Intelligence Initiative (ATII) is delighted to announce our affiliation with Scotiabank, which reflects our global leadership in facilitating intelligence integration and technology advancement to combat human trafficking and child exploitation. Their charitable donation is helping ATII to uphold our ESG priorities and to achieve our UN Sustainable Development Goals (5, 8, and 16) by combating human trafficking across the globe. As public and private organizations continue to collaborate in the creation of a uniform front within the financial sector to fight human trafficking, we will see a true impact in educating the financial services industry, including not only risk & compliance staff, but also frontline workers like tellers, relationship managers and branch leaders."
–
"Scotiabank has been a leader in better understanding the ways in which financial services can be misused to facilitate the distribution of child sexual abuse material. We are thrilled to once again be collaborating with Scotiabank in advancing the ways by which Project Arachnid can further identify and combat the commercialization of these heinous crimes against children."
–
"The Knoble is thrilled to have Scotiabank join as a sponsor and join our initiatives to prevent human crime that harms the vulnerable around the world. We recognize and appreciate Scotiabank's leading approach to focusing not only on regulatory compliance but going above and beyond to help prevent financial crimes of human exploitation. We look forward to continuing the great work together with Project Umbra, as we accelerate the work needed to reduce child exploitation."
–
About Scotiabank
Scotiabank is a leading bank in the
SOURCE Scotiabank
© Canada Newswire, source