Anyone supplying ‘big business’ needs to know this.
Essentially, large corporates (defined as businesses with a turnover of over £36 million) are being forced to publicly declare the steps they are taking to tackle the problem of slavery and human trafficking. This duty extends not just to making sure that these acts are not happening in their own businesses, but also to ensuring that anyone in their supply chains also does break the rules.
That means that if you are a supplier to a large corporate, you should expect to be asked by them to supply them with information about your processes in the manufacturing and procurement of your products to them.
This attached article by Kroll, along with our infographic, explains all that you need to know about this law, the process and what you need to do if you are a supplier to a large corporate.
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The Modern Slavery Act 2015 (the “Act”) became law in the UK on March 26, 2015 and came into force on October 29, 2015. Companies subject to the Act are now required to publish an anti-slavery statement as soon as possible (and within a maximum of six months) of the end of their financial year which falls on or after March 31, 2016.