Did you know that forced labor has become the world’s fastest growing crime and the second largest source of illegal income? Human trafficking may not seem like something that should top your list of worries as a small business owner in the US, but in reality, the crime is important to be aware of. Recent changes to laws that fight human trafficking and aim to raise awareness of the issue are a step in the right direction, and as a business owner, you’ll want to stay on top of changes to these laws, so you can help keep your business safe and help avoid forced labor.
Forced labor has become the world’s fastest growing crime and the second largest source of illegal income. Help keep it out of your supply chain. Tweet This
The Human Trafficking Risk Index
When working with suppliers, especially those that are headquartered internationally, you run the risk of having human trafficking creep into your supply chain. You may never visit your international suppliers and therefore have no idea if they are using forced labor. For this reason, Dun & Bradstreet created the Human Trafficking Risk Index, to help business owners determine the risk of human trafficking in their supply chains, based on the regions they do business in around the globe. Recently, more countries are following in the steps of the US and the UK, which have amended current laws to increase levels of awareness, push action, and
strengthen the global fight against human trafficking. You’ll want to learn more about the recent legal changes that may affect your business, because if you aren’t in compliance, you may find yourself suspended or debarred from contracting.
Government Contracting Compliance
Human Trafficking isn’t something you want taking place in your supply chain not just because of moral reasons, but because of severe legal consequences as well. There are regulations in place for contractors that dictate how human trafficking violations must be dealt with and reported. If you contract with the government and aren’t aware of or up-to-date with laws and regulations around reporting and compliance, you could be suspended or debarred from government contracting indefinitely. To get a better understanding of potential legal issues and consequences, listen to the full podcast on top legal issues in government contracting.
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