Combatting Modern Slavery and Human Trafficking
In an interview with Risk & Compliance magazine, FTI Consulting's Nicola Cobb discusses how companies can combat modern slavery effectively.
This is an extract from Risk and Compliance Magazine, from their Jan-Mar 2022 Issue. The entire publication can be read here: https://riskandcompliancemagazine.com/reaping-the-benefits-of-managing-modern-slavery-risk-effectively
R&C: In the six years since the Modern Slavery Act was enacted in the UK, have you seen a shift in attitudes toward compliance?
Cobb: In 2015, when the Modern Slavery Act (MSA) came into force in the UK, many companies were hesitant about how much compliance resource to deploy in this space. Given that the MSA did not, and continues not to, attract a financial penalty for non-compliance, bribery and corruption and non-compliance with the Bribery Act in the UK and the US Foreign Corrupt Practices Act (FCPA) were deemed to be a bigger risk, and thus worthy of more management attention.
This article has been reprinted with kind permission from Risk & Compliance Magazine.