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12/3/2021 U.S. Treasury Supports National Action Plan to Combat Human Trafficking | U.S. Department of the Treasury U.S. Treasury Supports National Action Plan to Combat Human Trafficking December 3, 2021 WASHINGTON – As a part of the Biden Administrationʼs commitment to fight against human tra icking, the U.S. Department of the Treasury announced measures to contribute to the updated National Action Plan (NAP) to Combat Human Tra icking and play a part in countering this grave human rights abuse. The NAP brings a whole-of-government approach to address a range of key topics, including prevention, protection, and prosecution, and also establishes interagency partnerships to support cross cutting initiatives. The plan also draws upon survivor-leader experiences and expert contributions to help prevent human tra icking and better utilize resources to respond to the needs of survivors. Treasury plays a key role in countering human tra icking by leveraging financial expertise and broad authorities to target tra icking networks through a range of economic tools implemented through the O ice of Terrorism and Financial Intelligence. Treasury has previously identified proceeds from human tra icking as a significant threat to the U.S. financial system and has made it a priority to disrupt and dismantle tra icking networks. Looking ahead, the department is leading new initiatives aimed at improving access to the financial system for human tra icking survivors. One such initiative utilizes an innovative riskbased approach to allow survivors without traditional ʻfoundationalʼ identity documents to access the financial system through responsible digital identity verification. As a broader e ort across the U.S. government, private sector partners, and foreign governments, Treasury recently hosted the 3rd Annual Partnership to Combat Human Rights Abuse and Corruption, where hundreds of participants from all sectors came together to discuss and share information related to forced labor in supply chains, human tra icking, and financial transparency. Treasury also works closely with bodies such as the Financial Action Task Force (FATF) and partner countries to strengthen global financial standards to address this threat. Additionally, on the recommendation of the recent sanctions review , Treasury is expanding e orts to multi-lateralize sanctions to maximize the e ect of our financial tools. https://home.treasury.gov/news/press-releases/jy0514 1/2 12/3/2021 U.S. Treasury Supports National Action Plan to Combat Human Trafficking | U.S. Department of the Treasury The department will continue to use all of its tools and authorities to combat these serious abuses. ### https://home.treasury.gov/news/press-releases/jy0514 2/2
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