February 09, 2018 ｜Written by GreenSoft Technology, Inc.
GreenSoft Now Offers Data Services for MSA and FAR Anti-Slavery and Human Trafficking
GreenSoft can now help your company comply with the UK Modern Slavery Act (MSA), the anti-slavery and human trafficking provisions of the US Federal Acquisition Regulation (FAR), and the California Transparency in Supply Chains Act.
With our Anti-Slavery and Human Trafficking services, we will collect Statements of Compliance from your suppliers for you so that your company can prove you have done due-diligence on your supply chain to avoid modern slavery and human trafficking risks.
We can also help your company and your suppliers generate their Statement of Compliance, and we can evaluate and analyze your risk level.
The Modern Slavery Act and Ending Trafficking in Persons
Enacted in March 2015, the Modern Slavery Act (MSA) is designed to prevent slavery, servitude and forced labor, as well as human trafficking, not just from a company’s base operations, but all the way through the supply chain. Any commercial organization with a total turnover of £36 million or more that sells goods or services and carries on a business or part of a business in any part of the United Kingdom is required to comply.
Similarly, in March 2015, “Ending Trafficking in Persons” provisions were added to US Federal Acquisition Regulation (FAR). These provisions apply to any companies with government contracts or sub-contracts that are for services performed outside of the United States and with an estimated value exceeding $500,000.
And the California Transparency in Supply Chains Act was enacted in October 2010 and went into effect in January 2012. This Act applies to any retail seller or manufacturer doing business in California that has annual worldwide gross receipts of more than $100 million.
These regulations require certification statements from affected companies, and a risk analysis and the collection of similar statements from the company’s suppliers. GreenSoft will collect these statements from your suppliers for you and conduct a risk analysis to determine which suppliers are high or low risk. If your company or any of your suppliers need guidance on generating such a statement, we can help with that too.
Contact us to get started today with Anti-Slavery and Human Trafficking. Or visit our website or download the datasheet.