Project

Finance Against Slavery and Trafficking

FAST mobilizes the financial sector to address modern slavery and human trafficking

Date Published
24 Jul 2023
Project Type
Research and Capacity Development
Project Status
Active
Project Website
https://www.fastinitiative.org

This project follows the work undertaken by the Financial Sector Commission on Modern Slavery and Human Trafficking. On 27 September 2019, The Financial Sector Commission on Modern Slavery and Human Trafficking released its final report, Unlocking Potential: A Blueprint for Mobilizing Finance Against Slavery and Trafficking.

The Blueprint provides a collective-action framework for different financial sector actors to take action to end modern slavery and human trafficking. It sets five Goals, which are accompanied by 30 Actions:

  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.
Finance Against Slavery and Trafficking

The FAST Blueprint

Five goals towards which financial sector actors can work through individual and collective action to address modern slavery and human trafficking.
Download the FAST Blueprint 

The FAST initiative is designed to promote awareness and drive implementation of the Blueprint and its Goals and Actions. FAST is a project of the United Nations University Centre for Policy Research, with the support of numerous project partners, including the Office for Foreign Affairs of the Principality of Liechtenstein, the Foreign Ministry of the Kingdom of the Netherlands, the Department of Foreign Affairs and Trade of the Commonwealth of Australia, the Norwegian Agency for Development Cooperation, and private sector and charitable donors.

See the FAST website for further details, including news, upcoming events and the monthly FAST newsletter.

Recent Publications

Report

Asset Recovery and Restitution

Leveraging Inter-agency and Multi-stakeholder Cooperation to Facilitate Compensation for Victims and Survivors of Forced Labour and Human Trafficking.

21 Nov 2023

Brief

Artificial Intelligence: Addressing or Distorting the Modern Slavery Challenge?

Leveraging AI's potential and mitigating its risks in efforts to address modern slavery.

18 Oct 2023

Brief

How Financial Intelligence Units Can Support the More Effective Implementation of Sanctions Regimes

Leveraging the expertise, experience, and networks of FIUs in the fight against modern slavery.

18 Oct 2023

Brief

Lessons from Canada's Approach to Extending Financial Access to Survivors of Modern Slavery

Taking Canada’s financial access for survivors approach to the next level.

17 Oct 2023

Brief

Accelerating Change: The Potential of Capital Market Actors in Addressing Modern Slavery

Insights, best practice examples, case studies, and recommendations to empower Capital Market Actors.

14 Oct 2023

Brief

Preventing and Reducing Modern Slavery Risks for Diverse men in Conflict and Crisis Through Increased Financial Inclusion

Protecting diverse men from the risk of modern slavery during conflicts and crises.

14 Oct 2023

Announcements

News

Stock Exchange Guidance on Modern Slavery Growing, But More Needed

Although more stock exchanges reference modern slavery in their ESG disclosure guidance, variation in terms of coverage and details remains.

30 Nov 2023

News

Targeting the International Anti-Money Laundering Regime to Address Human Trafficking and Forced Labour

Changing the anti-money laundering regime would bring important shifts in the global economy, resulting in less exploitation and fewer labour abuses.

20 Nov 2023

Event

FAST Annual Stakeholder Convening 2023

Sharing knowledge and practices to help eradicate modern slavery.

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News

New Research Empowers Capital Market Actors to Address Modern Slavery

Providing a practical roadmap to better identify, prevent, mitigate, and remediate modern slavery.

10 Oct 2023

News

UNU-CPR Recommendations Unanimously Adopted by African Financial Authorities

Move promises to strengthen continent’s fight against modern slavery and human trafficking.

08 Sep 2023

News

Strengthening Global Responses to Forced Labour and Sex Trafficking

An updated training certificate for anti-financial crime professionals is strengthening the global response to modern slavery and human trafficking.

12 May 2023

News

New Policy Brief Helps Financial Sector Address Crisis-Driven Modern Slavery Risks

Identifying the steps financial institutions can take to prepare for and address risks associated with crises and displacements.

06 May 2023

Related content

Report

Asset Recovery and Restitution

Leveraging Inter-agency and Multi-stakeholder Cooperation to Facilitate Compensation for Victims and Survivors of Forced Labour and Human Trafficking.

21 Nov 2023

Report

Including Modern Slavery and Human Trafficking in National Money Laundering and Terrorist Financing Risk Assessments

Enhancing money laundering and terrorist financing inclusion in National Money Laundering and Terrorist Financing Risk Assessments (NRAs).

01 Dec 2023