Empowering Financial Institutions to Fight Human Trafficking Act of 2018

Bill 115 hr 6729, also known as the Empowering Financial Institutions to Fight Human Trafficking Act of 2018, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to empower financial institutions to help combat human trafficking by providing them with tools and resources to identify and report suspicious financial activities related to human trafficking.

The bill requires the Secretary of the Treasury to work with financial institutions to develop training programs and best practices for identifying and reporting potential human trafficking activities. It also encourages the sharing of information between financial institutions and law enforcement agencies to better track and prosecute human traffickers.

Additionally, the bill includes provisions to protect financial institutions from liability when reporting suspicious activities related to human trafficking in good faith. This is intended to encourage more reporting and cooperation in the fight against human trafficking. Overall, the Empowering Financial Institutions to Fight Human Trafficking Act of 2018 aims to strengthen the financial sector's role in combating human trafficking and provide support for victims of this heinous crime.