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08 July 2016 / Chris Syder
Issue: 7706 / Categories: Features , Employment
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One piece of the jigsaw

Chris Syder discusses the Modern Slavery Act

  • First UK company has been held liable for modern slavery offences.
  • There is increasing national and international collaboration on prosecuting modern slavery offences.
  • Businesses cannot afford to be complacent in reviewing their modern slavery risks.

The UK’s Modern Slavery Act 2015 (The Act) is ground breaking. It enables shareholders and the public to scrutinise and hold businesses better to account for what they are (or are not) doing to counter modern slavery in their business dealings. The Act also contains stronger criminal sanctions against those who illegally profit from such human rights exploitation: a strong incentive, if one was needed, to encourage business to operate in a socially responsible manner.

But theory is one thing, and practice often another. How are businesses fulfilling their new obligations under the Act, and how seriously should they take the threat of prosecution?

Reporting requirements

The Act is far reaching.

Any:

  • UK or foreign companies and other commercial organisations (including partnerships and LLPs
  • that carry out any business involving
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MOVERS & SHAKERS

Clarke Willmott—Anita Rasaratnam

Clarke Willmott—Anita Rasaratnam

Clarke Willmott strengthens social housing development offering with senior London appointment

Trowers & Hamlins—David Meecham

Trowers & Hamlins—David Meecham

Trowers strengthens Birmingham real estate team with partner hire

Blake Morgan—Jennifer Ray & Louise Culleton

Blake Morgan—Jennifer Ray & Louise Culleton

Blake Morgan expands private client and regulatory teams with new legal directors

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The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
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