7IM’s statement on the modern slavery act
As 7IM is a provider of financial services, our supply chains are more straightforward in comparison to providers of other goods and services and we therefore believe that the risk of Modern Slavery within them is low. Nevertheless, we recognise the importance in combating Modern Slavery and our responsibility to take steps to tackle the issue.
We have several policies and procedures in place which help us to detect any potential Modern Slavery both within our business and in our supply chains, such as an anti-money laundering policy and an anti-bribery policy. We also encourage our staff to report any concerns under our whistle blowing policy and they receive regular training relating to our applicable policies. We have recently undertaken a review of our vendor contracts and continue to evolve our processes for keeping our vendor contracts up-to-date. Where relevant, we ask such vendors entering into agreements with us to comply with all applicable legislation, including the Act.
As part of our ongoing commitment to combat Modern Slavery we hold internal meetings twice a year to discuss the steps we have taken to be compliant with the Act and we will continue to re-evaluate our policies and procedures over the forthcoming financial year to see where further anti-Modern Slavery steps can be taken. This may include continuing to develop our staff training programme to make sure that employees’ awareness of Modern Slavery and associated issues is kept up to date. We will also review on an ongoing basis our relationships with both existing and new vendors to see what steps can be taken to help reduce the risk of Modern Slavery occurring in our supply chain.
7IM is a limited liability partnership and this statement has been approved by 7IM’s members in accordance with its governing procedure.
For and on behalf of 7IM