Modern Slavery Policy: your legal obligation and what your acquirers require
A Modern Slavery Policy documents the controls your business applies to ensure that neither your operations nor your supply chain contribute to forced labour, human trafficking or labour exploitation. Under the UK Modern Slavery Act 2015, businesses with annual turnover above £36 million must publish a transparency statement. Regardless of turnover, most UK and international acquirers require a documented policy from all their merchants.
What Must It Cover?
A board-level commitment statement
Supply chain risk assessment
Due diligence procedures for suppliers and partners
A reporting channel for employees and third parties
Staff training
Annual review and update
Who Does It Apply To?
The Modern Slavery Act 2015 requires commercial organisations with a turnover of £36 million or more to publish an annual Transparency in Supply Chains statement. Acquirers particularly those operating under UK or US regulation frequently require a documented policy from all merchants as a contractual condition, regardless of their size.
What Do We Do for You?
We draft the policy tailored to your structure and your acquirers' specific requirements, with the procedures needed to make it effective.
✔ Tailored to your business and industry
✔ Aligned with acquirer requirements
✔ Clear and practical procedures
Has Your Acquirer Asked for a Modern Slavery Policy?
Tell us about your situation. No-obligation first consultation.
