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Oury Clark: An overview of Modern Slavery Act
An overview of Modern Slavery Act
The Transparency in Supply Chains provision in the Modern Slavery Act seeks to address the role of businesses in preventing modern slavery from occurring in their supply chains and organisations.
The UK Government expects organisations to develop a credible and accurate slavery and human trafficking statement each year.
Every organisation carrying on a business in the UK with a total annual turnover of £36m or more will be required to produce a slavery and human trafficking statement for each financial year of the organisation.
Failure to comply may result in punishment by an unlimited fine.