Modern Slavery Statement

Introduction

Liberis is a global embedded finance provider, funding Business Cash Advances to small and medium enterprises (SME’s) in the UK, US, Sweden, Finland, Denmark, Czech Republic, and Slovakia. Our product advances a lump sum of cash upfront to businesses who pay an agreed percentage of their card takings until the advance and fee is paid.

This statement describes Liberis’ approach to the detection and prevention of modern slavery. Liberis has a zero-tolerance approach to modern slavery and human trafficking, and we are committed to ensuring the business operates responsibly. At Liberis, we strive to always act with integrity and to conduct our business in a fair and transparent manner. This culture is driven from the top by our Board of Directors and CEO.

Policy Statement

Modern slavery is a crime and a violation of fundamental human rights. It takes various forms, such as slavery, servitude, forced and compulsory labour and human trafficking, all of which have in common the deprivation of a person’s liberty by another in order to exploit them for personal or commercial gain. We are committed to acting ethically and with integrity in all our business dealings and relationships and to implementing and enforcing effective systems and controls to ensure modern slavery is not taking place anywhere in our own business or in any of our supply chains.

We are also committed to ensuring there is transparency in our own business and in our approach to tackling modern slavery throughout our supply chains, consistent with our disclosure obligations under the Modern Slavery Act 2015. We expect the same high standards from all of our contractors, suppliers and other business partners, and as part of our contracting processes, we include specific prohibitions against the use of forced, compulsory or trafficked labour, or anyone held in slavery or servitude, whether adults or children, and we expect that our suppliers will hold their own suppliers to the same high standards.

This policy applies to all persons working for us or on our behalf in any capacity, including employees at all levels, directors, officers, agency workers, seconded workers, volunteers, interns, agents, contractors, external consultants, third-party representatives, and business partners.

Responsibility for Policy

The Board of Directors has overall responsibility for ensuring this policy complies with our legal and ethical obligations, and that all those under our control comply with it. The Head of Compliance has primary and day-to-day responsibility for implementing this policy, monitoring its use and effectiveness, dealing with any queries about it, and auditing internal control systems and procedures to ensure they are effective in countering modern slavery. Management at all levels are responsible for ensuring those reporting to them understand and comply with this policy and are given adequate and regular training on it and the issue of modern slavery in supply chains. You are invited to comment on this policy and suggest ways in which it might be improved. Comments, suggestions, and queries are encouraged and should be addressed to compliance@liberis.co.uk

Our Employees

At Liberis, we take pride in having shared values embedded within the business, and the maintenance of those values are extremely important to us. Prior to joining Liberis, all staff are subject to background checks at onboarding and annual screening. They are also required to complete training schedules covering a range of business compliance, anti financial crime, and data protection areas.

Policies, Procedures and Processes

We have developed a suite of policies and procedures, supported by senior management, that encourage prevention of anti-slavery and human trafficking. We have the right incentives that are likely to influence positive behaviour within our organisation. Our relevant policies include those relating to:

  • Anti-money laundering and counter-terrorist financing
  • Conflicts of interest
  • Anti-bribery and corruption
  • Whistleblowing
  • Data protection
  • Client due diligence
  • Procurement and vendor due diligence

We encourage both employees and people outside of our organisation to raise concerns about any issue or suspicion of modern slavery in any parts of our business or supply chains. You can do so by notifying the Head of Compliance at compliance@liberis.co.uk.

Supply Chain Management

Our supply chain is not complex and is primarily comprised of suppliers of technology and data supplies, and office facilities. Additionally, Liberis works closely with several partners to offer the Business Cash Advance product.

We recognise our responsibility to identify and address any potential violations of the Modern Slavery Act, and we therefore have robust vendor and partner due diligence processes which ensures all our suppliers operate in a way that is in line with Liberis’ values.

We do not tolerate slavery and human trafficking within our supply chains and would immediately terminate any relationship should we find evidence of this.

Risk Assessment

Given the nature of our business, we believe that Liberis is at a low risk of involvement in slavery and human trafficking.

Rob Straathof

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