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Submission: On November 29 via manual from AU — Scanned from AU
Effective URL: https://www.fastinitiative.org/
Submission: On November 29 via manual from AU — Scanned from AU
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<div class="input-group"> <input type="text" class="search-query form-control" name="s" placeholder="Search for..." value=""> <span class="input-group-btn"> <button class="btn btn-default" type="submit">Go!</button> </span></div>
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Go! * About * Our History * The FAST Team * Frequently Asked Questions * The Blueprint * Goal 1 * Goal 2 * Goal 3 * Goal 4 * Goal 5 * Download Report * Our Work * Financial Investigations Tool * Connection & Risk Tool * Leverage Practice Matrix * Survivor Inclusion Initiative * FAST Knowledge Library * Additional Resources * Get Involved * Contact Us * Press * Events * Newsletter * UNU-CPR * Twitter * LinkedIn FINANCE AGAINST SLAVERY AND TRAFFICKING MOBILIZING THE FINANCIAL SECTOR AGAINST MODERN SLAVERY AND HUMAN TRAFFICKING. FINANCE AGAINST SLAVERY AND TRAFFICKING (FAST) IS A MULTI-STAKEHOLDER INITIATIVE BASED AT UNITED NATIONS UNIVERSITY CENTRE FOR POLICY RESEARCH THAT WORKS TO MOBILIZE THE FINANCIAL SECTOR AGAINST MODERN SLAVERY AND HUMAN TRAFFICKING. There are an estimated 40 million people in conditions of modern slavery globally. Despite a blanket ban on such practices, modern slavery remains a big business, generating an estimated USD 150 billion in illicit funds each year. Financial institutions may be connected to modern slavery and human trafficking through their own operations, or through their business relationships. Because the financial sector is so intertwined with the rest of the economy, financial sector action can help change the way the whole global economy works. The financial sector has a unique opportunity, at this critical juncture, to lead the transformation of our global economy to address modern slavery and human trafficking. OUR WORK FAST pursues an innovative, ambitious strategy to accelerate action to address modern slavery and human trafficking. Grounding its work in evidence-based approaches and rigorous analysis, it provides tools and training to financial sector stakeholders to take meaningful, sustained action against modern slavery and human trafficking. FAST runs global initiatives and campaigns to raise awareness and build momentum on these issues while incubating projects, strategies and coalitions for long-term impact. Through its alliance-building approach, FAST works in partnership with entities around the world, including international banks and regional banking associations, investor groups and stock exchanges, professional associations, survivor support organizations, regulators and policymakers to address modern slavery and human trafficking. At the heart of this work is FAST’s signature report, the Blueprint for Mobilizing Finance Against Slavery and Trafficking. The Blueprint, the culmination of a year-long global consultation by an expert Commission (the Liechtenstein Initiative for a Financial Sector Commission on Modern Slavery and Human Trafficking), provides a shared collective-action framework that different financial sector actors can implement in their own ways and at their own speeds. It includes 5 Goals and 30 Actions that together provide a roadmap for the whole financial sector and its stakeholders, including governments, regulators and the multilateral system, to demonstrate their commitment to accelerating action to end modern slavery and human trafficking. LEARN MORE ABOUT THE FAST BLUEPRINT THE FAST BLUEPRINT SETS OUT FIVE GOALS TOWARDS WHICH FINANCIAL SECTOR ACTORS CAN WORK THROUGH INDIVIDUAL AND COLLECTIVE ACTION. FAST BLUEPRINT GOALS 1 COMPLIANCE WITH LAWS 2 KNOWING & SHOWING RISKS 3 USING LEVERAGE CREATIVELY 4 EFFECTIVE REMEDY 5 INNOVATION FOR PREVENTION 1 COMPLIANCE WITH LAWS AGAINST MODERN SLAVERY AND HUMAN TRAFFICKING. ACT NOW Strengthen financial investigations Involve and learn from survivors Strengthen use of the AML/CFT and sanctions regimes INITIATE Strengthen financial investigations Mobilize the insurance sector Use public financial regulatory levers – procurement, investment + lending, fiscal policy and competition law LEARN MORE ABOUT GOAL 1 2 KNOWING AND SHOWING MODERN SLAVERY AND HUMAN TRAFFICKING RISKS. ACT NOW Collaborative learning on due diligence Foster digital and data innovation Public, intergovernmental reporting and exclusions database (mutual debarment model) INITIATE Taxonomy and harmonized disclosure regimes Corporate ESG ratings Collaborative value-chain mapping and shadow pricing modelling LEARN MORE ABOUT GOAL 2 3 USING LEVERAGE CREATIVELY TO MITIGATE & ADDRESS MODERN SLAVERY AND HUMAN TRAFFICKING. ACT NOW Differentiated leverage guidance Collaborative leverage in high-risk sectors such as construction Promote leverage reporting and transparency INITIATE Explore platform leverage Develop benchmarks and ratings on leverage Embed leverage in enterprise tech LEARN MORE ABOUT GOAL 3 4 PROVIDING AND ENABLING EFFECTIVE REMEDY FOR MODERN SLAVERY AND HUMAN TRAFFICKING HARMS. ACT NOW Participate in the FAST Survivor Inclusion Initiative Provide and contribute to effective remedy Cooperate with financial investigations and judicial processes INITIATE Use leverage to enable effective remedy ecosystems Develop new insurance lines Investigate other novel modalities for capital-raising LEARN MORE ABOUT GOAL 4 5 INVESTMENT IN INNOVATION FOR PREVENTION. ACT NOW Invest in digital finance to serve vulnerable populations, such as through the FAST Vulnerable Populations Initiative Size investment needs Promote social finance, such as microfinance INITIATE Strengthen return on investment (ROI) knowledge Develop anti-slavery bonds and performance loans E-finance regulatory harmonization LEARN MORE ABOUT GOAL 5 1 COMPLIANCE WITH LAWS AGAINST MODERN SLAVERY AND HUMAN TRAFFICKING. ACT NOW Strengthen financial investigations Involve and learn from survivors Strengthen use of the AML/CFT and sanctions regimes INITIATE Strengthen financial investigations Mobilize the insurance sector Use public financial regulatory levers – procurement, investment + lending, fiscal policy and competition law LEARN MORE ABOUT GOAL 1 2 KNOWING AND SHOWING MODERN SLAVERY AND HUMAN TRAFFICKING RISKS. ACT NOW Collaborative learning on due diligence Foster digital and data innovation Public, intergovernmental reporting and exclusions database (mutual debarment model) INITIATE Taxonomy and harmonized disclosure regimes Corporate ESG ratings Collaborative value-chain mapping and shadow pricing modelling LEARN MORE ABOUT GOAL 2 3 USING LEVERAGE CREATIVELY TO MITIGATE & ADDRESS MODERN SLAVERY AND HUMAN TRAFFICKING. ACT NOW Differentiated leverage guidance Collaborative leverage in high-risk sectors such as construction Promote leverage reporting and transparency INITIATE Explore platform leverage Develop benchmarks and ratings on leverage Embed leverage in enterprise tech LEARN MORE ABOUT GOAL 3 4 PROVIDING AND ENABLING EFFECTIVE REMEDY FOR MODERN SLAVERY AND HUMAN TRAFFICKING HARMS. ACT NOW Participate in the FAST Survivor Inclusion Initiative Provide and contribute to effective remedy Cooperate with financial investigations and judicial processes INITIATE Use leverage to enable effective remedy ecosystems Develop new insurance lines Investigate other novel modalities for capital-raising LEARN MORE ABOUT GOAL 4 5 INVESTMENT IN INNOVATION FOR PREVENTION. ACT NOW Invest in digital finance to serve vulnerable populations, such as through the FAST Vulnerable Populations Initiative Size investment needs Promote social finance, such as microfinance INITIATE Strengthen return on investment (ROI) knowledge Develop anti-slavery bonds and performance loans E-finance regulatory harmonization LEARN MORE ABOUT GOAL 5 1 COMPLIANCE WITH LAWS AGAINST MODERN SLAVERY AND HUMAN TRAFFICKING. ACT NOW Strengthen financial investigations Involve and learn from survivors Strengthen use of the AML/CFT and sanctions regimes INITIATE Strengthen financial investigations Mobilize the insurance sector Use public financial regulatory levers – procurement, investment + lending, fiscal policy and competition law LEARN MORE ABOUT GOAL 1 2 KNOWING AND SHOWING MODERN SLAVERY AND HUMAN TRAFFICKING RISKS. ACT NOW Collaborative learning on due diligence Foster digital and data innovation Public, intergovernmental reporting and exclusions database (mutual debarment model) INITIATE Taxonomy and harmonized disclosure regimes Corporate ESG ratings Collaborative value-chain mapping and shadow pricing modelling LEARN MORE ABOUT GOAL 2 3 USING LEVERAGE CREATIVELY TO MITIGATE & ADDRESS MODERN SLAVERY AND HUMAN TRAFFICKING. ACT NOW Differentiated leverage guidance Collaborative leverage in high-risk sectors such as construction Promote leverage reporting and transparency INITIATE Explore platform leverage Develop benchmarks and ratings on leverage Embed leverage in enterprise tech LEARN MORE ABOUT GOAL 3 4 PROVIDING AND ENABLING EFFECTIVE REMEDY FOR MODERN SLAVERY AND HUMAN TRAFFICKING HARMS. ACT NOW Participate in the FAST Survivor Inclusion Initiative Provide and contribute to effective remedy Cooperate with financial investigations and judicial processes INITIATE Use leverage to enable effective remedy ecosystems Develop new insurance lines Investigate other novel modalities for capital-raising LEARN MORE ABOUT GOAL 4 5 INVESTMENT IN INNOVATION FOR PREVENTION. ACT NOW Invest in digital finance to serve vulnerable populations, such as through the FAST Vulnerable Populations Initiative Size investment needs Promote social finance, such as microfinance INITIATE Strengthen return on investment (ROI) knowledge Develop anti-slavery bonds and performance loans E-finance regulatory harmonization LEARN MORE ABOUT GOAL 5 CONNECTION & RISK TOOL view now LEVERAGE PRACTICE MATRIX view now -------------------------------------------------------------------------------- Copyright 2019, United Nations University |Privacy & Terms Twitter: @FAST_Initiative | LinkedIn: FAST Initiative | Facebook: Finance Against Slavery and Trafficking Share This Facebook WhatsApp LinkedIn previousnextslideshow