WebOct 8, 2024 · Far-reaching changes to the Modern Slavery Act are on the horizon. it has an annual turnover (including the turnover of its subsidiaries) of £36 million or more. As section 54 currently stands, the only mandatory disclosure required is the statement setting out the steps the organisation has taken during the financial year to eliminate slavery ... WebFeb 25, 2024 · The UK Modern Slavery Act 2015 (the Act) was established nearly six years ago and hailed as a landmark piece of legislation. ... Section 54’s lack of mandatory reporting areas has led to companies publishing general statements that do not engage with the risks of modern slavery specific to their sectors and regions of operation.
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WebThe Modern Slavery Act sought to compensate victims through seizing the assets of traffickers and awarding some of the money to the people they trafficked. Statutory Defence for Victims. The 2015 Act introduced a Statutory Defence for Victims. This defends victims of modern slavery from being convicted of crimes that they were forced to commit ... WebJun 28, 2024 · Currently, section 54 of the MSA 2015 requires large businesses to produce a statement each year setting out the steps they have taken to ensure that their business and supply chains are slavery free, or a statement that they have taken no steps to do this. costco grocery foods
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WebAn 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 … WebThis statement is made with reference to Section 54(1) of the Modern Slavery Act 2015 and constitutes the Anti-Slavery and Human Trafficking statement for the West Yorkshire Combined Authority for the financial year ending 31 March 2024. WebOct 29, 2015 · Section 54 of the Modern Slavery Act 2015 requires certain organisations to develop a slavery and human trafficking statement each year. The slavery and human … breakeven inflation rate formula