MODERN SLAVERY AND HUMAN TRAFFICKING TRANSPARENCY STATEMENT 2022
At Checkout Group (“Checkout.com” or the “Group”), we are committed to playing our part in helping prevent any incident of Modern Slavery in our organization and have a zero-tolerance approach to Modern Slavery.
Checkout.com is committed to implementing and enforcing effective systems and controls to ensure Modern Slavery is not taking place anywhere within our business or in any of our supply chains.
This statement is issued by Checkout.com in accordance with section 54(1) of the Modern Slavery Act 2015 (the Act) and applies to the financial year ending 31 December 2021. Our statement sets out the steps we take and have taken to help prevent and detect any incidents of Modern Slavery occurring within our business.
We also expect the same high standards from all of our contractors, suppliers, and other business partners. 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 suppliers to the same high standards.
Checkout.com’s mission is to enable businesses and their communities to thrive in the digital economy. We are partners, not providers to our clients. In the last decade, we’ve grown substantially as a business, in terms of both our workforce and our global presence. We now have over thousands of employees working across over 19 global offices worldwide, each one of us passionate about helping our merchants worldwide grow through our next-generation payments platform.
When Checkout.com launched as a cloud-based payments platform in 2012, we could not foresee the speed of global digitization. From the eCommerce boom and our growing obsession with digital experiences, through the rise of web and cryptocurrency to the dawn of the metaverse, the transformation is real – and the pace of change is only accelerating.
Checkout.com, at all times, conducts our business in compliance with all legislation and regulations, which are relevant to our business within the countries that we operate. We expect our suppliers, partners, and merchants to also meet these high standards. Checkout.com has reviewed and kept up-to-date internal policies, instructions, and governance demonstrating our commitment, requiring employees to raise concerns about any identified or suspected non-compliance, and confirming that employees will not suffer any detriment for raising such concerns. These internal policies, instructions, and governance include, but are not limited to, the following:
❖ Modern slavery and human trafficking;
❖ Anti-money laundering and counter-terrorist financing;
❖ Conflicts of interest;
❖ Code of business conduct;
❖ Ethics and environment;
As part of Supplier Onboarding, all suppliers must review and confirm compliance with both our Modern Slavery statement and Supplier Code of Conduct. The Code of Conduct is an indication of our commitment to acting ethically and with integrity in all our business relationships, and requires our suppliers to do the same. Until suppliers have formally acknowledged and accepted both, they cannot be onboarded and therefore cannot be paid as a supplier.
DUE DILIGENCE and RISK MANAGEMENT
Before entering into a relationship with a new supplier, partner or merchant, we conduct due diligence activities to assess the risks of partnering with that supplier and merchant and to provide assurance that the supplier and merchant meet expectations regarding adequate controls. As part of these due diligence exercises, we conduct a series of checks that take account of risks including product type and country of origin risk, and financial crime indicators.
Terms & Conditions:
Our contracts with our suppliers and merchants contain specific terms and conditions which require them to comply with all applicable laws and regulations in their provision of goods or services and to conduct their business in accordance with our standards and expectations. We reserve the right to terminate our contracts with suppliers and our merchants for non-compliance with such laws, regulations, and standards.
We conduct ongoing monitoring of our suppliers and our merchants to ensure that they are compliant with their contractual commitments and are delivering products or services by our standards. Suppliers and merchants that present heightened risks may be subject to additional audits or reviews.
Checkout.com is committed to adherence to the Risk Management approach and Due Diligence processes set out above about Modern Slavery when working with suppliers and merchants. From Q3 2022 all new employees will be required to complete a mandatory training module as part of their onboarding process. This training data will be monitored and reported to the People Leadership team with the targeted completion of 100% of employees within 90 days of starting employment at Checkout.com
As part of our commitment to ongoing excellence and compliance the intention is to ensure that as a component of our regular compliance training cadence, all employees will be required to complete a regular refresher course every two years to ensure knowledge and understanding are up to date.
The Modern Slavery statement was approved by the Board of Directors of Checkout Ltd and was signed on its behalf, and on behalf of the Board of Checkout Payments Group Limited, by the Group Chief Executive Officer.
Chief Executive Officer
19 May 2022
PREVIOUS MODERN SLAVERY STATEMENTS
You can access our modern slavery statements from prior years by clicking on the relevant year: 2019, 2020, 2021.