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In Sweden, there are more than 50,000 attempts to purchase child pornography online – each day. Online child pornography has become an enormous business, and it continues to grow.
Like all other e-commerce, these sites need payment systems, typically provided by banks. This means that the banking sector is in a position to help hinder and stop the abuse. Since 2009, SEB has been part of a sector-wide coalition to cut off payments made through the Swedish financial system.
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These efforts are done in close partnership with ECPAT, a non-profit organization working to eliminate all forms of child sex trafficking, child pornography and abuse. Through ECPAT, the Swedish banks provide the Police with the tools necessary to identify companies trading in child pornography.
As a result, the Police have a better chance of stopping payments to those companies. The initiative builds upon an American initiative and has become the model for a similar coalition within the EU.
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Read more about ECPAT.
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