Sec. 6962. Findings
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Congress finds the following: The terms human trafficking and trafficking in persons are used interchangeably to describe crimes involving the exploitation of a person for the purposes of compelled labor or commercial sex through the use of force, fraud, or coercion. According to the International Labour Organization, there are an estimated 24,900,000 people worldwide who are victims of forced labor, including human trafficking victims in the United States. Human trafficking is perpetrated for financial gain.
According to the International Labour Organization, of the estimated $150,000,000,000 or more in global profits generated annually from human trafficking— approximately 2/3 are generated by commercial sexual exploitation, exacted by fraud or by force; and approximately 1/3 are generated by forced labor. Most purchases of commercial sex acts are paid for with cash, making trafficking proceeds difficult to identify in the financial system. Nonetheless, traffickers rely heavily on access to financial institutions as destinations for trafficking proceeds and as conduits to finance every step of the trafficking process.
Under section 1956 of title 18, United States Code (relating to money laundering), human trafficking is a specified unlawful activity and transactions conducted with proceeds earned from trafficking people, or used to further trafficking operations, can be prosecuted as money laundering offenses.