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  2. Regulatory Radar
  3. Reporting requirements for UK Modern Slavery Act took effect October 2015

Reporting requirements for UK Modern Slavery Act took effect October 2015

  • Nov 17, 2015
  • Regulatory Radar, News and Publications
  • Supply Chain Management
The United Kingdom’s Modern Slavery Act 2015 was passed in March of 2015. As of October 2015, all commercial organizations carrying on a business or part of a business in the United Kingdom (no matter where that organization was incorporated or formed) with annual turnover of £36 million pounds (approximately $56 million) and over, must provide a Slavery and Human Trafficking Statement for each financial year according to section 54 of the Act.
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