A New Transparency for Businesses under the Modern Slavery Act 2015
The Modern Slavery Act 2015 (MSA) consolidates the existing UK offences relating to slavery and human trafficking, while increasing the penalties for those found guilty. In particular, the MSA has increased the maximum custodial sentence for serious offenders of Slavery and Human Trafficking from 14 years to life.
More relevant for businesses is the additional requirement of the MSA that, as from 29 October 2015, commercial organisations must prepare a 'slavery and human trafficking statement' (statement) for each financial year.
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