Should our company produce a Modern Slavery Statement?

Posted in : First Tuesday Q&A NI on 3 September 2019 Issues covered:

The purpose of a Modern Slavery Statement is to set out what steps a company has taken to prevent modern slavery and human trafficking in its business and supply chains. This area of law is governed by section 54 of the Modern Slavery Act 2015 (the “MSA"). Section 54 of the MSA requires a commercial organisation to prepare a slavery and human trafficking statement for each financial year.

In order to satisfy the ‘commercial organisation' test, a company must:

a)       supply goods or services; and

b)      have a total turnover of not less than £36 million. (This aligns with the definition of large businesses in the Companies Act 2006.)

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Back to Q&A's This article is correct at 03/09/2019

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