Modern Slavery Act Compliance
Under section 54 of the Modern Slavery Act 2015, businesses with turnovers above £36 million are now required to achieve greater levels of transparency across their supply chains.
It’s a complex, time-consuming process that needs to begin as soon as you start a relationship with a new supplier. What should a compliance statement contain? What steps can be taken to protect against forced labour within your supply chain? How do you demonstrate compliance with the Modern Slavery Act?
For many, it’s a new burden that takes time, energy, and resources away from core operations. However, from initial audits, on-going reviews, right through to preparing your annual modern slavery and human trafficking compliance statement, True Diligence Limited can help you.
We know how important transparency is – after all, it’s the foundation of the work we do. So we use our experience and expertise in due diligence and investigative work to achieve that transparency in every aspect of your supply chain.
How we can help you
Our s54 Modern Slavery Act compliance support comes into play across three core areas. First, we can conduct supply chain reviews, due diligence and audits to assess the risk associated with each supplier and uncover potential signs of forced labour/slavery. These reviews combine a range of different methods, from obtaining relevant records and documents, through to detailed interviews.
In addition, we can help you prepare effective policies and procedures to reduce your risk/exposure and demonstrate the steps that you are taking to combat modern slavery and forced labour, but also to demonstrate compliance. This includes working on your annual compliance statement as required by the Modern Slavery Act 2015.
Finally, we give you a point of contact for general advice on this new area of the law and its implications. As a result, you can improve your understanding of the act’s potential impact on your business – and what your business needs to do to remain compliant with the Modern Slavery Act 2015, especially with s54.
Contact us now to discuss your requirements and find out more about how we can help you with modern slavery act compliance.