UK Modern Slavery Act – seven things businesses in Asia need to know
The UK Modern Slavery Act (“MSA”) is now in force. Given its broad territorial reach, the MSA is likely to affect a large number of businesses operating throughout Asia, with a particular focus on transparency throughout goods and services supply chains.
Our full alert summarises the key impacts of the MSA, and sets out seven things businesses in Asia need to know, including:
- which businesses are affected
- how slavery is defined
- what compliance tools are available
With the OECD also indicating a strong focus on human trafficking – and an estimated 12 million people in forced labour across Asia – we also expect further regulatory developments locally.