Modern Slavery Act Transparency Statement
Introduction
Since the 29th October 2015, the Modern Slavery Act 2015 came into effect and requires commercial organisations to publish an annual statement of the following criteria below:
- it is a ‘body corporate’ or a partnership, wherever incorporated or formed
- it is a business, or part of a business, in the UK
- it supplies goods or services
- it has an annual turnover of £36 million or more
Boku currently meets all those requirements, and as part of its commitment to conduct business ethically and with integrity, Boku is issuing this statement to provide transparent information regarding the steps taken to prevent slavery and human trafficking from occurring within its business and supply chain.
Boku has zero tolerance for any kind of modern slavery including but not limited to slavery, forced labour or servitude, human trafficking, or any unethical practices. Boku recognises its responsibility to:
- Continuously review the steps it takes to prevent modern slavery and human trafficking
- Conduct due diligence on all our commercial partners to ensure they use fair and ethical labour practices
- Provide clear instructions to all our staff and partners regarding their obligation to act with integrity
Boku's business and supply chain
Boku offers payment services to merchants through direct carrier billing and other various payment methods, allowing its partners to accept payments from users based anywhere in the world using any currency. Boku does not operate any factory, produce any goods nor is involved with raw materials or commodities. However, it sources products and services from various suppliers located anywhere in the world, including the E.U.
Due to the nature of its business Boku’s main suppliers are mostly involved in IT and Marketing services.
Boku's policies
Boku’s commitment to meet the highest ethical standards in its business activity is embedded in its our culture, hence it is mandatory upon onboarding for each employee to read and agree to a set of policies including the employee ethics and conduct standards (“The Code of Conduct”). The Code stresses Boku’s commitment to ensure that all its employees always act in ethical manner, with integrity and are treating everyone with respect and dignity. Boku values its employees’ continuing success and Boku believes that its success as a payment services provider is intimately linked to its ability to uphold the highest professional and ethical standards throughout the business and treating all individuals with due respect.
Boku's due diligence processes
Aspart of its our onboarding process, Boku conducts due diligence on its prospective partners or suppliers, applying a risk-based approach to ensure that all its our partners are meeting the highest standard.
Training
Boku believes that training and educating its staff is a key element to prevent the risk of modern slavery and human trafficking in its business and supply chains, therefore our employees are encouraged and trained to identify and report any potential violations.
Board Approval
Boku issues this statement in compliance with the section 54 (1) Modern Slavery Act2015 (the “Act”), which will constitute its statement of transparency for the financial year ending 31 December 2024. Approved at a meeting of the Board of Directors on 15 January 2025. Signed on behalf of the Board by Dr. Richard Hargreaves on 15 January 2025.
Dr. Richard Hargreaves
Chair
