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Modern Slavery Act 2015 – What are the implications?

18th Nov 2015
Employment Law, Human Resources, Leadership, Payroll, Recruitment

From 1 October 2015 employers with an annual turnover of more than £36 Million will be required to produce and publish a slavery and trafficking statement each year. Here we ask about the Modern Slavery Act 2015 – What are the implications? 

Section 54 of The Modern Slavery Act 2015 is the legislation that will attempt to resolve the issues of slavery with the requirement of the statement. The statement will need to include items such as:

  • The company’s supply chain structure
  • Due diligence process
  • A risk assessment about parts of the supply chain that may cause problems
  • Steps taken to counter the risk
  • Training issued to staff on the subject

The statements will have to be signed off and produced by the top tier of the company. Each year the statements will have to be revisited, adjusted, signed off and published.

Click here to go to a great document called “Business risk briefing: modern slavery” that we have found from KPMG to help you understand what you need to do.

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