Forum: Liechtenstein Initiative for a Financial Sector Commission on Modern Slavery and Human Trafficking

Brief Description

In order to fight modern slavery and human trafficking, Liechtenstein has initiated the “Liechtenstein Initiative for a Financial Sector Commission on Modern Slavery and Human Trafficking”. The Commission will make a concrete contribution to implement SDG target 16.2 - in addition to SDG 5.2 and 8.7 - and to counter the crimes associated with modern slavery and human trafficking with over 40 million victims worldwide. The public private partnership was developed jointly with the United Nations University, which forms the Commission’s secretariat, Liechtenstein, Australia, the Netherlands and in partnership with Liechtenstein Banks, associations and the philanthropic sector. The “Liechtenstein Initiative” will serve as a time-bound forum for a wide range of financial sector stakehold-ers to discuss the sector’s role in tackling modern slavery and human trafficking and to develop a coordinated strategic response plan to help implement the 2030 Agenda. The Commission’s work has a close link to the WPS Agenda insofar as sexual abuse is one of the crimes most commonly associated with modern slavery and human trafficking. The efforts to curb the latter thus also contribute to the elimination of the former. In September 2019 the Commission will release a roadmap for accelerated action to put the financial sector at the heart of global efforts to tackle modern slavery and human trafficking.