Britain's HSBC to help modern slaves 'rebuild lives' with bank access

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LONDON - British retail bank HSBC UK launched a scheme on Monday to help victims of modern slavery and human trafficking in Britain "rebuild their lives" by giving them access to bank accounts.

LONDON - British retail bank HSBC UK launched a scheme on Monday to help victims of modern slavery and human trafficking in Britain "rebuild their lives" by giving them access to bank accounts.

"Financial independence is a vital part of this rebuilding process," Victoria Atkins, Britain's minister for crime, safeguarding and vulnerability, said in a statement. Britain is home to at least 136,000 modern slaves, according to the Global Slavery Index by human rights group the Walk Free Foundation - a figure 10 times higher than a government estimate from 2013.

"It is a tragedy that people who have escaped their traffickers can face such a struggle to rebuild their lives," Stuart Haire, head of HSBC UK's retail bank, said in a statement.

 

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