Modern slavery statement

1. Introduction

Modern slavery is when people are forced to work and their human rights are exploited for personal or commercial gain. Modern slavery is a punishable crime and has no place in the world of business or society as a whole.

Currency UK operates a zero-tolerance policy to modern slavery in our company. We have policies and practises in place to ensure our business operates in a way that leaves no room for modern slavery.

This statement is according to section 54 (1) of the modern slavery act 2015.

2. Policies & training

We have in place a number of policies, guidelines, and training initiatives in our organisation allowing us to uphold our no toleration stance on modern slavery. These include our Anti Money Laundering and Client Acceptance policies, alongside specific guidelines set out in our Employee Handbook and Whistleblowing manual.

3. Due diligence & risk management

When hiring new staff we undertake high levels of scrutiny when and all new employees are subject to eligibility and criminal checks. This allows us to e that adequate local laws are adhered to with regards to employment and minimum wage requirements.

We also have a robust risk-management process in place at Currency UK which provides easily available channels for reporting any incidents surrounding modern slavery, with board-level review.

4. Supply chain

We expect all contractors, suppliers, and other business partners within our supply chain – to hold themselves to the same standards we do in relation to modern slavery. We communicate this statement to every supplier and ensure its application as appropriate during the relationship.

5. Action taken

Currency UK has and continues to assess its business operations to ensure adherence to the requirements of the Modern Slavery Act.

6. Responsibility and governance

The Director of Currency UK is ultimately responsible for ensuring this policy adheres to our ethical standards and approved this statement on 11th October 2021.

The Head of Compliance for the Group is responsible for the day-to-day implementation of this within the business, ensuring policies and training are up to date, and dealing with questions or concerns about this policy.

7. Non-compliance toward this statement

Non-compliance in relation to modern slavery could be treated as misconduct or gross misconduct and result in disciplinary action including dismissal.

Download our signed statement
Download our signed statement