What is the modern slavery act 2020?

What is the modern slavery act 2020?

The Modern Slavery Act is a globally leading piece of legislation. It sets out a range of measures on how modern slavery and human trafficking should be dealt with in the UK. Whilst not all of the Act is directly relevant for business, section 54 entitled ‘Transparency in supply chains’ impacts the corporate sector.

What does the modern slavery act say?

An Act to make provision about slavery, servitude and forced or compulsory labour and about human trafficking, including provision for the protection of victims; to make provision for an Independent Anti-slavery Commissioner; and for connected purposes.

What is Section 54 of the Modern Slavery Act 2015?

Section 54 of the Modern Slavery Act 2015 requires a commercial organisation to prepare a slavery and human trafficking statement for each financial year of the organisation if its total turnover is not less than an amount prescribed by the Secretary of State.

What are the 4 types of modern slavery?

Child Sex Trafficking.

How do you comply with the modern slavery act?

To comply, organisations are required to develop and publish a modern slavery act statement in the form of an annual report outlining the steps taken to combat human trafficking and modern slavery throughout its entire supply chain.

Who does the modern slavery act apply to UK?

The UK Modern Slavery Act 2015 law sets out the UK Government’s legal requirements for how organisations must address and report on modern slavery. This law applies to any company doing business in the UK with an annual turnover of £36 million or more.

What is the Modern Slavery Act 2018?

This Act requires entities based, or operating, in Australia, which have an annual consolidated revenue of more than $100 million, to report annually on the risks of modern slavery in their operations and supply chains, and actions to address those risks.

Where does the Modern Slavery Act apply?

54 Modern Slavery Act 2015 applies to commercial organisations. Commercial organisations that supply goods or services, carry on business in the UK and (together with their subsidiaries) meet the annual turnover threshold of £36m or more must publish an annual slavery and human trafficking statement.

Who does section 54 apply to?

Section 54 of the Modern Slavery Act applies to all commercial organisations that supply goods/services and have a total turnover equal to or exceeding an amount set by the secretary of state, currently £36 million.

What is a Section 54?

Executive summary. In 2015, the Government of the United Kingdom (Government) introduced section 54 (section 54) of the Modern Slavery Act 2015 (MSA). Section 54 requires businesses with a certain annual turnover to publish a ‘slavery and human trafficking statement’ (MSA statement) every year.

Does slavery still exist in 2022?

Slavery has played a role in the history of nearly every country on Earth and remains a massive problem in many places around the globe….Countries That Still Have Slavery 2022.