; and (B) approximately 1/3 are generated by forced labor. (5) 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. (6) 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. 303. Sense of Congress It is the sense of Congress that— (1) the President should aggressively apply, as appropriate, existing sanctions for human trafficking authorized under section 111 of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7108 ); (2) the Financial Crimes Enforcement Network of the Department of the Treasury should continue— (A) to monitor reporting required under subchapter II of chapter 53 of title 31, United States Code (commonly known as the Bank Secrecy Act ) and to update advisories, as warranted; (B) to periodically review its advisories to provide covered financial institutions, as appropriate, with a list of new red flags for identifying activities of concern, particularly human trafficking; (C) to encourage entities covered by the advisories described in subparagraph (B) to incorporate relevant elements provided in the advisories into their current transaction and account monitoring systems or in policies, procedures, and training on human trafficking to enable financial institutions to maintain ongoing efforts to examine transactions and accounts; (D) to use geographic targeting orders, as appropriate, to impose additional reporting and recordkeeping requirements under section 5326(a) of title 31, United States Code, to carry out the purposes of, and prevent evasions of the Bank Secrecy Act