#SDGAction33996
Liechtenstein Initiative – For a Financial Sector Commission on Modern Slavery and Human Trafficking
Description

The “Liechtenstein Initiative” - a public-private partnership between the Governments of Liechtenstein, Australia and the Netherlands, as well as Liechtenstein private sector actors and foundations - puts the financial sector at the heart of global efforts to end modern slavery and human trafficking, in line with the 2030 Agenda. In a first phase, its Financial Sector Commission (FSC) has worked on a blueprint for the global financial sector to accelerate engagement to tackle these crimes. The “Blueprint for Mobilizing Finance Against Slavery and Trafficking” will be launched on 27th September and aims at helping relevant financial sector actors, including banks, pension funds, insurers, fintech, regulators and more, to take action against modern slavery and human trafficking. It sets out five ambitious goals which these actors can implement through individual and collective action. In the second phase of the “Liechtenstein Initiative for Finance Against Slavery and Trafficking” (FAST) will provide guidance and support to implement the goals and actions set forth by the Blueprint. It will review the implementation and bring together a “network of networks” which will deal with different dimensions of implementation to exchange progress made, lessons learned and challenges. The stories of change, and the insights they reveal, will then inform the design and delivery of a FAST Review Conference, to be held in 2021, in Liechtenstein

Expected impact

The Financial Commission’s Blueprint is expected to impact the improvement of the following five goals:
1. Compliance with laws against modern slavery and human trafficking.
2. Knowing and showing modern slavery and human trafficking risks.
3. Using leverage creatively to mitigate and address modern slavery and human trafficking risks.
4. Providing and enabling effective remedy for modern slavery and human trafficking harms.
5. Investment in innovation for prevention.

Website

https://www.financialsectorcommission.org/

Goal 5
Goal 8
Goal 16
Staff / Technical expertise
25 Commisssioners
Basic information
Start: 01 September, 2018
Completion: 01 September, 2030
Entity
Government of Principality of Liechtenstein (Government)
Partners
Government of Liechtenstein (Government)
Government of Australia (Government)
Government of the Netherlands (Government)
United Nations University Center for Policy Research (Research Institute)
LGT Group (Private sector)
Liechtenstein Bankers Association (Association)
Hilti Family Foundation (Philanthropic organization)
Medicor Foundation (Philanthropic organization)
Tarom Foundation (Association)
Initiative focused on COVID-19 pandemic response, prevention and recovery efforts
Not specified
Geographical coverage
Africa
Asia and Pacific
Europe
Global
Latin America and the Caribbean
North America
West Asia
Beneficiary countries
Other beneficiaries
Global reach
Contact information
Myriam Oehri, Second Secretary, Myriam.oehri@nyc.llv.li, 9177426576
Headquarters
Permanent Mission of Liechtenstein to the United Nations in New York
United Nations