THE FINTECH AND PAYMENTS ADVISORY NETWORK LIMITED
Modern Slavery Act 2015: Voluntary Slavery and Human Trafficking Statement
We oppose slavery and human trafficking in all its forms. This statement sets out the steps we have taken to ensure that there is no slavery or human trafficking in our business or in our supply chains.
About us
We are a Limited company providing consultancy / advisory services into the Fintech and Payments sector.
Our annual turnover is under £36 million. Although we are not required to make a modern slavery statement under section 54 of the Modern Slavery Act.2015, we are making this voluntary statement to show our commitment to ethical trading principles and to set out the steps we are taking to identify risks and tackle modern slavery and human trafficking in our business and in our supply chains.
Our supply chains consist exclusively of professional services businesses / suppliers, all of whom are individual consultants or small, single-director businesses with several years’ experience in our industry sector.
Our commitment to ethical trading
We are committed to ethical trading principles and to acquiring goods and services without harm to others.
Due diligence
To help identify and monitor the risk of slavery and human trafficking in our supply chain we conduct due diligence on all suppliers and clients before we engage with them. This due diligence includes checking any relevant regulatory licences and certificates, compliance with such regulatory bodies, checks to determine the financial stability of the supplier and client as well as carrying out supplier audits, where appropriate.
We contract with a specific and small network of carefully selected supplier consultants whose credentials we trust and have checked before engaging. We do not use third party agencies to recruit or identify potential clients or suppliers.
Further steps
We intend to take the following further steps to combat slavery and human trafficking:
- Where relevant, risk assess all new suppliers and clients and ask them to certify that they have taken steps to eradicate modern slavery within their own organisation and supply chain;
- Notify all existing suppliers of our expectations and their obligations in relation to the prohibition of modern slavery;
- Where relevant, incorporate anti-slavery and human trafficking obligations into procurement agreements and subcontracting arrangements on a risk assessed basis;
- Continue to include appropriate measures in our due diligence processes for sourcing suppliers, subcontractors and acquisitions on a risk assessed basis;
- If and where relevant, provide training to relevant company members to ensure a high level understanding of the risks of modern slavery and human trafficking; and