Modern slavery reporting: Is there evidence of progress?

This analysis of modern slavery statements focuses on changes in reporting and practice in addressing forced labour and human trafficking.

Some key findings

Under the UK Modern Slavery Act 2015, companies with a financial turnover of over £36m must make an annual statement on their efforts to combat modern slavery. However, from a cohort of 150 companies last analysed in April 2017, only 81 companies or 54% have produced a subsequent statement. As there is no official monitoring or enforcement mechanism, companies that do not produce new statements face little by way of sanctions.
Among the 81 companies that produced an updated statement, 58% incorporated substantial changes, but a significant minority (42%) made no changes or only minimal changes. This suggests that many companies are not applying a continuous improvement approach to developing reporting of their activities to counter modern slavery.

Modern slavery reporting: Is there evidence of progress? - Ergon Associates, 2018 DOWNLOAD

Financial Institutions Sharing Data Related to Human Trafficking

Publications

Sharing of information between financial institutions related to potential money laundering and human trafficking activities is essential in the fight against modern slavery. However, the laws covering personal data privacy, anti-money laundering, ...Read More

TAGS: Financial sector Asia

Updated Indicators: Laundering of proceeds from human trafficking for sexual exploitation

Publications

This Operational Alert updates FINTRAC’s 2016 Operational Alert “Indicators: The laundering of illicit proceeds from human trafficking for sexual exploitation” with additional indicators in support of Project Protect to assist reporting entiti...Read More

TAGS: Reporting Financial sector North America

The Human Trafficking Initiative

Publications

The Human Trafficking Initiative works to address the issue of child sex trafficking in Greater Atlanta. Sexual exploitation is the most damaging form of child abuse.

TAGS: North America

2022 Global estimates of modern slavery: Forced labour and forced marriage

Publications

Modern slavery is the very antithesis of social justice and sustainable development. The 2021 Global Estimates indicate there are 50 million people in situations of modern slavery on any given day, either forced to work against their will or in a ma...Read More

TAGS: Global