This statement has been published in accordance with section 54 of the Modern Slavery Act 2015 and sets out the steps taken by the Company and the rest of its group companies during the year to prevent modern slavery and human trafficking in its supply chains and or in any part of its business.
Structure, Business and Supply Chain
Consumers increasingly use and rely on the Company’s platforms in search of information about the credit and financial markets.
Due to the nature of the Lending Expert’s business, its supply chain is limited and it operates with only a small number of suppliers.
Policies in relation to Slavery and Human Trafficking
Lending Expert respects human rights and the integrity of individuals and complies with all relevant laws in the way it runs its business.
Lending Expert has in place a whistleblowing policy which encourages employees to report any malpractice or illegal acts, including suspicion of modern slavery, or omissions or matters of similar concern by other employees or former employees, contractors, suppliers, partners or advisers using a prescribed reporting procedure.
Lending Expert is committed to conducting business ethically and lawfully and this includes ensuring, as far as possible, that any third parties who act for the Company share this commitment. Lending Expert’s “Working with Third Party Suppliers” policy is in place to help to identify and mitigate risks associated with the third parties who may perform services for or on behalf of Lending Expert.
Due Diligence Processes
Lending Expert conducts a due diligence process with partners which requests information from partners and third parties.
Partners are requested to provide their internal policies (including Modern Slavery policy/statement) and accounting information. If policies and/or accounting information is not adequate Lending Expert will take appropriate action and if necessary, hold back on-boarding a partner until their systems and controls are satisfactory, or refuse to work with a partner altogether.
This statement was approved by the directors of the Company on 3 April 2019.