To mark International Women’s Day, minister Áslaug Arna Sigurbjörnsdóttir and Lucinity’s Theresa Bercich are calling on women in the banking sector, in government, and in finance media to end the $2 trillion business of money laundering that disproportionately impacts women by funding crimes such as human trafficking. According to UN Women, 72 percent of the victims of human trafficking and forced sex work are women.
Lucinity‘s Make Money Good initiative encourages greater transparency between banks and the adoption of new technologies to make money laundering more expensive. Money laundering is a crime that fuels crime and disproportionally affects women. We believe it is time to stand up and empower others to do the same.
„I ask you to be bold and brave, whether you are in government, financial institution, or a customer of a bank, and to call for greater transparency and the tackling of the underlying problem rather than just the symptoms. Together we really can Make Money Good.”