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Working with the Financial Sector to Correct the Market Failure of Modern Slavery

Published online by Cambridge University Press:  22 October 2020

James COCKAYNE
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Abstract

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Keywords

Modern SlaveryHuman TraffickingCapital MarketsFinanceForced LabourRemedyHuman Rights
Type
Developments in the Field
Information
Business and Human Rights Journal , Volume 6 , Issue 1 , February 2021 , pp. 159 - 162
Copyright
© The Author(s), 2020. Published by Cambridge University Press

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Footnotes

Conflicts of interest: The author declares none.

*

Head of Secretariat, Liechtenstein Initiative for Finance Against Slavery & Trafficking. The Liechtenstein Initiative for Finance Against Slavery and Trafficking, housed at United Nations University Centre for Policy Research (New York, USA), is a public-private partnership between the Governments of Liechtenstein, Australia and the Netherlands and Liechtenstein private sector and charitable entities.

References

1 Allain, Jean, Slavery in International Law: Of Human Exploitation and Trafficking (Leiden: Brill, 2012)Google Scholar; Belgium v Spain [1970] ICJ Rep 3, 33.

2 International Labour Organization, International Organization for Migration and Minderoo Foundation Walk Free Initiative, Global Estimates of Modern Slavery: Forced Labour and Forced Marriage (Geneva: International Labour Office, 2017).Google Scholar

3 Sasha Reed et al, ‘The Economic and Social Costs of Modern Slavery’, Research Report 100 (London: UK Home Office, 2018) 25.

4 Pritha Mitra et al, ‘Does Child Marriage Matter for Growth?’, IMF Working Paper WP/20/27 (February 2020), https://www.imf.org/~/media/Files/Publications/WP/2020/English/wpiea2020027-print-pdf.ashx (accessed 3 July 2020)

5 European Commission, ‘EU acts on Illegal Fishing: Yellow Card Issued to Thailand While South Korea and Philippines are Cleared’ (21 April 2015), https://ec.europa.eu/commission/presscorner/detail/en/IP_15_4806 (accessed 3 July 2020); U.S. Customs and Border Protection, ‘CBP Issues Detention Orders against Companies Suspected of Using Forced Labor’ (1 October 2019), https://www.cbp.gov/newsroom/national-media-release/cbp-issues-detention-orders-against-companies-suspected-using-forced (accessed 3 July 2020); U.S. Customs and Border Protection, ‘CBP Issues Withhold Release Order on Tobacco from Malawi’ (1 November 2019), https://www.cbp.gov/newsroom/national-media-release/cbp-issues-withhold-release-order-tobacco-malawi (accessed 3 July 2020).

6 Financial Sector Commission on Modern Slavery and Human Trafficking, Unlocking Potential: A Blueprint for Mobilizing Finance Against Slavery and Trafficking (New York: United Nations University, 2019), https://www.fastinitiative.org/the-blueprint/, 30–31.Google Scholar

7 ACAMS, ‘Fighting Modern Slavery and Human Trafficking’, https://www.acams.org/modern-slavery-human-trafficking-training/ (accessed 3 July 2020).

8 Dennis Kwok, ‘Remarks at the UN Forum on Business and Human Rights’, organized by the UN Working Group on Business and Human Rights, 26 November 2019.