Modern Slavery Act Statement
Anti-Slavery and Human Trafficking Statement
Union Bank is dedicated to being a distinctive specialist bank and trusted wealth manager, guided by our core values and a strong sense of ethical responsibility.
We are proud supporters of the United Nations Global Compact and uphold its ten principles covering human rights, labour, the environment, and anti-corruption. In particular, we stand firmly against all forms of human trafficking, slavery, forced labour, and child labour. As part of our global commitment, we comply fully with relevant U.S. and UK legislation, including the Trafficking Victims Protection Act (TVPA) and the UK Modern Slavery Act 2015. We take proactive steps to ensure transparency and ethical conduct across all areas of our operations and supply chains.
Union Bank promotes a culture of openness and due diligence in the sourcing of goods and services. We expect our employees, suppliers, and partners to operate to the same high ethical standards. This statement represents Union Bank’s Anti-Slavery and Human Trafficking Statement for the financial year ending 31 March 2021, reaffirming our ongoing commitment to corporate responsibility, regulatory compliance, and sustainable, ethical governance.
Modern Slavery Act Statement
We aim to identify and investigate
any slavery risks
and eradiate such risks.
Organisational structure
Union Bank has undertaken a review of its corporate structure and business operations. Following this assessment, we confirm that our international subsidiaries do not carry on business, or any part of a business, within the United Kingdom as defined under Section 54 of the Modern Slavery Act 2015. Our UK-based operations remain under strict compliance with applicable legal and ethical standards.
Training and policies
At Union Bank, we believe that education is key to prevention. As such, we have implemented training initiatives aimed at raising awareness of modern slavery and human trafficking within our workforce. This training is specifically tailored to ensure employees and stakeholders—particularly those in procurement, compliance, and operations—understand the implications of the Modern Slavery Act 2015, and their role in upholding its principles. Training modules are reviewed annually and updated to reflect changes in legislation, emerging risks, and industry best practices. .
Conclusion
Union Bank reiterates its full commitment to the UK Modern Slavery Act 2015 and the ethical values it represents. We will continue to monitor, assess, and improve our internal controls, supply chains, and partnerships to help combat slavery, forced labour, and human trafficking wherever they may arise..
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