This Modern Slavery Statement ("Statement") is made pursuant to s.54(1) of the Modern Slavery Act 2015, and constitutes our Statement for the financial year ending in 2017.
The Modern Slavery Act 2015 which requires certain commercial organisations to set out the steps that they have taken during their last financial year to ensure that modern slavery and human trafficking are not taking place within any part of their business or any of their supply chains.
Modern slavery encompasses all types of slavery, servitude, human trafficking and forced or compulsory labour across a vast number of industries, such as agriculture, retail and manufacturing, affecting individuals both abroad and in the UK.
MoneyGram International Limited ("MIL"), is a limited company authorised as a payment services provider across the European Economic Area (EEA)by the UK Financial Conduct Authority (FRN 502639). MIL offers money transfer services across the European Economic Area through a network of agent organisations. MIL forms part of the wider MoneyGram Group ("MoneyGram"), which has employees in over 30 countries globally, and operates through a diverse network of agents in over 200 countries and territories. As a provider of global money remittance services only, MoneyGram's supply chain is limited, and does not include suppliers that either produce, manufacture or sell goods.
MoneyGram has a zero-tolerance approach to modern slavery and human trafficking in any form. MoneyGram is committed to acting ethically and with integrity and transparency in its business dealings and ensuring effective systems and controls are put in place to safeguard against any modern slavery or human trafficking taking place within our business or our supply chains.
MoneyGram's purpose is to have the ability to positively impact millions of lives every day and our values of integrity, respect and commitment underpin the company's culture. We make decisions, both big and small, with a focus on impeccable ethics, honesty and demonstrating integrity for each other, our customers and the world at large. We comply with all policies, laws and ethical and professional codes. We seek to treat everyone fairly and consistently, recognising the power of global diversity in creating a strong, open, respectful and trusted business environment. Our policies and procedures relating to the Modern Slavery Act 2015 are in line with our culture and values.
MoneyGram keeps its global Ethics Program under review to ensure that, as a company entrusted by customers worldwide to transfer funds quickly and reliably, we maintain a high ethical standard in the ways we conduct our business.
MoneyGram undertakes annual Code of Business Conduct training, which is mandatory for all employees of the business.
MoneyGram has over 500 agents in the UK alone, and a number of other ancillary suppliers. We conduct due diligence on agents and suppliers in the UK and abroad as standard, including checks on whether any agents or suppliers have been involved in any criminal offences. MoneyGram also ensures that agreements entered into with third parties require the third parties to comply with all relevant anti-slavery and human trafficking legislation and MoneyGram's own policies and procedures, to ensure as far as possible that modern slavery is not taking place in any of our supply chains.
MoneyGram also has a strong legal and compliance team, as well as a dedicated Law Enforcement department who monitor our services and work with local police and other government law enforcement departments globally to aid in the fight against modern slavery throughout the business as a whole. The above reflects how we have taken steps over the last financial year, and over the longer term, to ensure that modern slavery and human trafficking are not taking place within our business or supply chains.
We operate a number of internal policies, which have applied at least over the last financial year, to ensure that we are conducting our business in an ethical and transparent manner. These include:
MoneyGram will continue to fight against modern slavery and human trafficking and will require its third parties to ensure that human trafficking and modern slavery is not occurring in their business or supply chain, by conducting the following:
This statement was approved by the Board of Directors of MoneyGram International Limited on 5 June 2018.
MoneyGram International Limited
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