The Modern Slavery Act – are you meeting your obligations?

It is estimated that there are around 130,000 victims of humantrafficking and slavery in the UK. In 2016/17, modern slavery offences were estimated to cost the UK £4.3 billion.

Section 54 of the Modern Slavery Act requires any commercial organisation in the UK with a global turnover of £36m or more to publish a slavery and human trafficking statement each financial year. Just last year, the Home Office announced plans to write to the CEOs of 17,000 companies who had failed to publish such a statement as only 60% employers had complied with the Act.

Typically, adhering to this will involve following fairly straightforward measures:

A statement must be produced for each financial year.
There is no prescribed form; a business has complied if it simply states ‘we have taken no steps’.
The statement must be approved by the board and signed by a director.
The statement must appear on the company website, with a clear link on the home page.

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