Reporting requirements for UK Modern Slavery Act took effect October 2015
The United Kingdom鈥檚 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 拢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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