Human Trafficking & Anti-Slavery Regulations: Do they affect your business?

    Posted by Haley Wadel
    Blog originally posted on 07/01/2019 07:15 AM

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    In order to combat slavery and human trafficking throughout the world, many governments have implemented regulations that require companies to disclose their efforts in ending this worldwide epidemic.
     
    An estimated 40.3 million people are victims of modern slavery around the globe. This includes 24.9 million in forced labor and 15.4 million in forced marriage. Based on these figures, this means that 5.4 people out of every 1,000 are victims of slavery. One in four of these victims of slavery are children.1

    Modern slavery comes in many forms, but is most commonly shown in:

    • Forced labor
    • Debt bondage
    • Human Trafficking
    • Descent-based slavery
    • Child Slavery
    • Forced and early marriage

    The top three regulations that need to be complied with are:

    1. The California Transparency in Supply Chains Act (SB 657)
    2. The UK Modern Day Slavery Act
    3. The Federal Acquisition Regulation 52.222-50

    Failure to comply with such regulations can result in monetary penalties, jurisdictional authority, and NGO backlash.

    How does this affect your company? Do these laws apply to you?

    Regulation

    Requirements

    CA Transparency
    • Does business in CA
    • Worldwide gross receipts over $100 million
    • Identify as manufacturers on CA State tax returns

    UK Slavery Act
    • Does business in the UK
    • Annual turnover ≥ $53 million

    FAR 52.22-50
    • Do business in the US or are a US company

    How can Tradewin help?

    Tradewin has designed a simple and efficient approach to assist you in achieving compliance with the requirements set forth by these acts. Our team has developed a human trafficking reporting template that allows us to gather key performance indicators and help your business to remain compliant with the three regulations.

    Using our program management expertise and proprietary systems, we can help you solicit suppliers, determine levels of risk, and prepare and appropriate disclosure when necessary. 

    1 International Labour Organization, “Forced labor, modern slavery, and human trafficking,” 2017

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    Topics: Europe, Export Consulting, Import Consulting, North America

    Blog originally posted on 07/01/2019 07:15 AM

    Haley Wadel

    Written by Haley Wadel

    Haley joined the Tradewin team in February 2017. She has extensive knowledge of international markets in a variety of industries and has previously advised clients on implementing their export strategies. Prior to joining Tradewin, Haley worked for a prime defense contractor as an International Trade Intern dealing with the International Traffic in Arms Regulations. Most notably, she worked for the U.S. Department of Commerce, specifically the U.S. Commercial Service, as an International Trade Intern assisting small and medium sized manufacturers in growing their business. Her experience includes Conflict Mineral Program management, export control classification and license determination. Haley received her Bachelor’s degree in both Economics and International Studies with a minor in Political Science from the University of Wisconsin-Milwaukee.

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