KPIs not reported.

pg. 4

"Scotiabank is involved in several Canadian and global partnerships to combat human trafficking. One such initiative is Project Protect, where Canada’s major banks joined forces to develop a comprehensive list of indicators to assist financial institutions with reporting requirements to the Government of Canada’s financial intelligence unit in identifying financial transactions and patterns of activities related to human trafficking that may give rise to suspicions of money laundering. Another initiative is the Financial Access Project, which helps ease re-entry into society for survivors of human trafficking. The Liechtenstein Initiative’s Finance Against Slavery and Trafficking (FAST) assembled a coalition of six survivor organizations and twelve global banks and tasked them to independently develop the Survivor Inclusion Initiative, a framework to provide access to basic financial services, including financial literacy. Scotiabank successfully piloted the Financial Access Project in 2019-2020 and is developing plans for expansion in Canada.

In 2020 Project Shadow was launched. It is a public-private partnership initiative co-led by Scotiabank and the Canadian Centre for Child Protection to combat online child exploitation. The objective of the project is to improve the collective understanding of the threat, and to improve the detection of the facilitation and laundering of the proceeds from online child sexual exploitation. In November 2019 the Organization for Security and Co-Operation in Europe (“OSCE”) unveiled a comprehensive resource guide entitled “Following the Money: Compendium of Resources and Step-by-Step Guide to Financial Investigations into Trafficking in Human Beings.” Significant contributions were made by Scotiabank Financial Crimes Risk Management subject-matter experts to the guide. The OSCE report was acknowledged by Polaris, the largest US-based non-governmental organization supporting survivors of human trafficking, as a leading document within the financial crimes industry"