Is Yours One of the 6,000 Companies that Failed Modern Slavery Act Compliance ?

Pop quiz: 1. Does your company have any business in the UK?  And 2. Is your global turnover more than $50 million (£36 million)?  Yes to both?  Ah, shoot, you have to write a Modern Slavery Statement.  Don’t worry, you’re not alone if you haven’t done it yet.  The UK Home Office estimates that 11,000 companies are subject to the Act, but the Modern Slavery Registry has only received 4,299 of them.  That means an estimated 6,701 companies haven’t complied with the Act. 

We’ve already seen numerous prosecutions of people who have violated the Modern Slavery Act.  In 2016, the UK Department of Justice brought 51 prosecutions under the Act, including a high-profile case with devastating financial and reputational effect that saw DJ Houghton Catching Services liable for abuses against victims of trafficking.  They supplied eggs to some of the biggest brands in the UK, including McDonald’s, Tesco, Marks & Spencer and more. 

What do you do if you realize that you haven’t met the deadline?  The first thing is to figure out what you’ve done already, and then put it into your statement.  Next week we’ll tackle how to plan for a better statement next year, but for now, let’s look at what the statement requires, and how you can pull together information on what you’ve already done so you can be in compliance in a hurry. 

The statement basically has six parts.  These include: