TERMS & POLICES
UK MORDEN SLAVERY & HUMAN TRAFFICKING STATEMENT
Effective Date: December 2024
Introduction
At Olympus Pay Limited, we are committed to conducting business with the highest standards of integrity, transparency, and responsibility. We firmly oppose all forms of modern slavery and human trafficking, recognizing these crimes as severe violations of human rights.This statement outlines the proactive steps we take to identify, prevent, and mitigate risks related to modern slavery within our operations and supply chain. It is published in compliance with Section 54(1) of the UK Modern Slavery Act 2015 and applies to the financial year ending December 2024.
About Olympus Pay
Olympus Pay Limited is a leading financial technology company specializing in secure, efficient, and innovative payment processing solutions. We work with businesses, providing services such as:
✔ Digital payment solutions
✔ Multi-currency financial products
✔ Fraud prevention and risk management
✔ Banking-as-a-service
As a financial services provider, we acknowledge our responsibility to prevent any form of modern slavery within our organization and extended network.
Our Commitment to Preventing Modern Slavery
Olympus Pay has a zero-tolerance approach to modern slavery, forced labor, and human trafficking. We are dedicated to:
✅ Ensuring fair labor practices across our operations and partnerships
✅ Conducting stringent due diligence on suppliers and third parties
✅ Maintaining strict compliance with the UK Modern Slavery Act 2015
✅ Training employees to identify and report suspicious activities
✅ Continuously improving our policies and processes to combat exploitation We demand the same high ethical standards from all suppliers, business partners, and service providers.
Our Policies and Risk Management
To ensure effective governance and mitigation of modern slavery risks, we have implemented the following policies:
1. Modern Slavery & Human Rights Policy
This policy establishes our commitment to preventing forced labor and ensuring fair working conditions throughout our supply chain. It applies to all Olympus Pay employees, suppliers, contractors, and business partners.
2. Whistleblowing & Ethical Reporting Policy
We actively promote a Speak Up Culture, encouraging employees and third parties to report concerns about unethical behavior, including modern slavery.
🔹 Anonymous reporting channels available 24/7
🔹 Protection against retaliation for whistleblowers
🔹 Immediate investigations into reported issues
3. Third-Party Risk ManagementPolicy
All third-party vendors, suppliers, and outsourcing partners must undergo rigorous due diligence before engaging with Olympus Pay.
✔ Thorough screening and risk assessments
✔ Onboarding audits with compliance requirements
✔ Ongoing monitoring of suppliers
4. Recruitment & Employment Practices
Olympus Pay ensures that all employees:
• Are legally entitled to work in their jurisdiction
• Receive market-aligned wages and benefits
• Work in safe and fair conditions
• Are protected from discrimination and exploitation All recruitment agencies and employment partners must
adhere to these standards.
Employee & Partner Training To strengthen awareness and proactive prevention, Olympus Pay provides mandatory training on modern slavery for:
• All employees, including leadership & compliance teams
• Third-party service providers & suppliers
• Recruitment agencies & HR teams
This training covers:
📌 How to identify modern slavery risks
📌 Reporting suspicious activities
📌 Legal and ethical responsibilities under the UK Modern Slavery Act Our Financial Crime Compliance team further educates employees on detecting human trafficking-linked transactions within our payment systems.
Governance & OngoingMonitoring
Olympus Pay maintains a robust monitoring and governance framework to detect, assess, and prevent modern slavery risks.
We conduct:
📌 Annual modern slavery risk assessments
📌 Regular supplier audits & compliance checks
📌 Whistleblower case reviews to identify emerging risks At the time of this statement’s publication, no instances of modern slavery have been identified within OlympusPay’s operations or supply chain.
Continuous Improvement & Future Commitments
Olympus Pay remains committed to strengthening our approach to modern slavery prevention. Over the next year, we plan to:
🔹 Enhance AI-powered monitoring tools to detect risk indicators in financial transactions
🔹 Expand supplier audits to further assess labor practices
🔹 Develop stronger partnerships with human rights organizations
🔹 Increase training & awareness initiatives across our entire network Through these actions, we aim to set the industry standard for ethical business conduct and contribute to a world free from exploitation.
Board Approval
This statement was approved by the Board of Directors of Olympus Pay Limited on December 2024 and will be reviewed annually.
Introduction
At Olympus Pay Limited, we are committed to conducting business with the highest standards of integrity, transparency, and responsibility. We firmly oppose all forms of modern slavery and human trafficking, recognizing these crimes as severe violations of human rights.This statement outlines the proactive steps we take to identify, prevent, and mitigate risks related to modern slavery within our operations and supply chain. It is published in compliance with Section 54(1) of the UK Modern Slavery Act 2015 and applies to the financial year ending December 2024.
About Olympus Pay
Olympus Pay Limited is a leading financial technology company specializing in secure, efficient, and innovative payment processing solutions. We work with businesses, providing services such as:
✔ Digital payment solutions
✔ Multi-currency financial products
✔ Fraud prevention and risk management
✔ Banking-as-a-service
As a financial services provider, we acknowledge our responsibility to prevent any form of modern slavery within our organization and extended network.
Our Commitment to Preventing Modern Slavery
Olympus Pay has a zero-tolerance approach to modern slavery, forced labor, and human trafficking. We are dedicated to:
✅ Ensuring fair labor practices across our operations and partnerships
✅ Conducting stringent due diligence on suppliers and third parties
✅ Maintaining strict compliance with the UK Modern Slavery Act 2015
✅ Training employees to identify and report suspicious activities
✅ Continuously improving our policies and processes to combat exploitation We demand the same high ethical standards from all suppliers, business partners, and service providers.
Our Policies and Risk Management
To ensure effective governance and mitigation of modern slavery risks, we have implemented the following policies:
1. Modern Slavery & Human Rights Policy
This policy establishes our commitment to preventing forced labor and ensuring fair working conditions throughout our supply chain. It applies to all Olympus Pay employees, suppliers, contractors, and business partners.
2. Whistleblowing & Ethical Reporting Policy
We actively promote a Speak Up Culture, encouraging employees and third parties to report concerns about unethical behavior, including modern slavery.
🔹 Anonymous reporting channels available 24/7
🔹 Protection against retaliation for whistleblowers
🔹 Immediate investigations into reported issues
3. Third-Party Risk ManagementPolicy
All third-party vendors, suppliers, and outsourcing partners must undergo rigorous due diligence before engaging with Olympus Pay.
✔ Thorough screening and risk assessments
✔ Onboarding audits with compliance requirements
✔ Ongoing monitoring of suppliers
4. Recruitment & Employment Practices
Olympus Pay ensures that all employees:
• Are legally entitled to work in their jurisdiction
• Receive market-aligned wages and benefits
• Work in safe and fair conditions
• Are protected from discrimination and exploitation All recruitment agencies and employment partners must
adhere to these standards.
Employee & Partner Training To strengthen awareness and proactive prevention, Olympus Pay provides mandatory training on modern slavery for:
• All employees, including leadership & compliance teams
• Third-party service providers & suppliers
• Recruitment agencies & HR teams
This training covers:
📌 How to identify modern slavery risks
📌 Reporting suspicious activities
📌 Legal and ethical responsibilities under the UK Modern Slavery Act Our Financial Crime Compliance team further educates employees on detecting human trafficking-linked transactions within our payment systems.
Governance & OngoingMonitoring
Olympus Pay maintains a robust monitoring and governance framework to detect, assess, and prevent modern slavery risks.
We conduct:
📌 Annual modern slavery risk assessments
📌 Regular supplier audits & compliance checks
📌 Whistleblower case reviews to identify emerging risks At the time of this statement’s publication, no instances of modern slavery have been identified within OlympusPay’s operations or supply chain.
Continuous Improvement & Future Commitments
Olympus Pay remains committed to strengthening our approach to modern slavery prevention. Over the next year, we plan to:
🔹 Enhance AI-powered monitoring tools to detect risk indicators in financial transactions
🔹 Expand supplier audits to further assess labor practices
🔹 Develop stronger partnerships with human rights organizations
🔹 Increase training & awareness initiatives across our entire network Through these actions, we aim to set the industry standard for ethical business conduct and contribute to a world free from exploitation.
Board Approval
This statement was approved by the Board of Directors of Olympus Pay Limited on December 2024 and will be reviewed annually.
