The following Practice Compliance practice note produced in partnership with Gowling WLG provides comprehensive and up to date legal information covering:
Section 54 of the Modern Slavery Act 2015 (MSA 2015) introduces a requirement for certain commercial organisations operating in the UK to produce an annual transparency statement setting out the steps the organisation has taken during the financial year to ensure that slavery and human trafficking is not taking place in any of its supply chains or any part of its business.
The statement could include information about the structure of the organisation, policies, due diligence, assessment and management of risk, training and effectiveness in ensuring the business's supply chain is free from modern slavery and human trafficking.
MSA 2015, s 54 applies to all commercial organisations that:
carry on a business, or part of a business, in the UK
supply goods or services, and
have a total annual turnover exceeding £36m
A commercial organisation is defined as:
a body corporate,
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