The Finance of Sex Trafficking and Impact of COVID-19

Abstract

This paper examines how COVID-19 has impacted the lives of sex workers and how changing circumstances may make them and others even more vulnerable to exploitation into sex trafficking. It explores the perceptions and policies that keep sex workers from receiving the financial support needed to keep them safe at this time. It considers how sex work may be driven further underground, and the implications of this on the security of the workers involved. It also considers how the behaviour of clients may change as a result of the virus, examining the supply and demand drivers of online sexual exploitation of adults and children. This paper also outlines the fluidity of criminal nature, how criminals are adapting to changing circumstances and finding new ways to identify, groom, and exploit victims into sexual slavery. Finally, it analyses the implications that COVID-19 has had on the nature of money laundering and the related effects on the ability of financial institutions to operate as the ‘eyes and ears’ in the fight against global sex trafficking. It concludes with recommendations that can be made to financial institutions and related agencies, to respond rapidly to emerging risks and new trends in sexual exploitation and money laundering.