U.K. Slave Labor Law to Require Disclosures from 12,000 Companies

U.K. Prime Minister David Cameron has announced new measures
added to the Modern Slavery Act, which took effect on July 31, 2015, that
will require global companies to publish an annual slavery and human
trafficking statement. The added provisions, which take effect in October,
affect companies with a turnover of ₤36 million or more that conduct
business within the United Kingdom. “This measure is one of the first
of its kind in the world and it will be a huge step forward, introducing
greater accountability on business for the condition of their supply
chains,” Cameron was quoted as saying in a July 29 press release.

Issue 574