By Jumana Rahman and Clare Nida
The UK is at the forefront of the global move to tackle human trafficking and prevent modern forms of slavery by introducing the Modern Slavery Act 2015 earlier this year. The new transparency reporting provisions, in force as of the end of October 2015, require companies with a total turnover of £36 million or more (calculated by taking into account the turnover of the organisation and its subsidiary undertakings) to report on the steps they are taking to address human trafficking and modern slavery in their supply chains.
Those affected companies must publish an annual statement for each financial year setting out what measures they have put in place during that year to counter human trafficking and modern slavery.
Statements are required from companies with financial years ending on or after 31 March 2016.
You can read more about the transparency reporting provisions here.
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