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: