Modern Slavery Statement

Modern Slavery Statement of KMB Money is shown here..

1.    Introduction:

This Modern Slavery Statement is made in accordance with section 54(1) of the UK Modern Slavery Act which requires us to prepare a statement for each financial year. This is our Modern Slavery statement for the financial year ending February 2020. It sets out our approach to ensuring that modern slavery and human trafficking are not taking place within any part of our business or supply chain.

What is Modern Slavery? The term Modern Slavery encompasses all types of slavery, servitude and forced or compulsory labour, human trafficking, exploitation and child labour across any industry. Slavery is illegal everywhere in the world, but despite that, there are currently an estimated 40.3 million people in modern slavery or victims of human trafficking across the globe. Out of the millions of people trapped in modern slavery, 16 million people are exploited by the private sector, so it is paramount that businesses take action to end these abhorrent practices.

2.    Our Business:

KMB International Money transfer Ltd is one of the world's leading payment services provider. We operate as an Authorised Payment Institutions in the UK. Our business is focused on providing our customers with an efficient, low cost service to allow them to send money internationally. KMB Money provides services using our own branches, agents and digital platform. As our main offering is the provision of payment services, we have a very limited supply chain. At KMB, we are committed to playing our role in eradicating modern slavery in all its forms from our business and supply chain. We are taking the appropriate steps to ensure that everyone who works for KMB benefits from a working environment in which their fundamental human rights are respected and anyone that we do business with also upholds these principles. Everyone at KMB strives to create better outcomes for all our stakeholders by living our values of being: open; ingenious; collaborative and effective. We bring these values to life through our day-to-day behaviours and by aspiring to put our purpose at the center of everything we do.

3.    Our Values and Policy:

KMB Money has a zero-tolerance approach to Modern Slavery. We are committed to acting ethically, morally and in compliance with all applicable laws and regulations and we are open and transparent in our business dealings. This approach is supported by our company policies which have all been in place throughout the financial year ending in 2020.

4.    Our Company Policies:

Our Policy, first approved by the Board in May 2019, and reviewed in 2020, confirms that we will conduct all business with integrity and that we have a zero-tolerance approach to modern slavery. We continue to be committed to acting professionally and fairly in all our business dealings and relationships wherever we operate, including enforcing appropriate systems and controls to ensure, on a risk basis, that modern slavery is not taking place in our business or supply chains. KMB has a strong compliance regime reinforced by a dedicated Compliance team who monitor our services and work with local law enforcement and regulatory bodies to ensure we identify and report any aspect of Modern slavery - including Money Laundering.

5.    Code of Conduct Policy:

The Code of Conduct outlines the standards of behaviour we expect from all our employees and reinforces our expectation that all our employees act ethically and morally as our customers would expect. Launched in August 2019, describes what we must do and how we must behave to ensure we have the trust of all our stakeholders. It details how we will create better outcomes in the right way, not at any cost, in line with our purpose and values

6.    Anti Bribery and Corruption Policy:

Our Anti Bribery and Corruption Policy compliments our Code of Conduct and focuses on our business practices with third parties and reinforces the standards of behaviour we expect of employees in their dealings with third parties.

7.    Whistleblowing Policy:

We also operate a Whistleblowing Policy which encourages disclosure from any person, internal and external. KMB thoroughly investigates any disclosure, overseen by the Whistleblowing Champion, who is a member of the Board and reports, at least annually, to the Board on the effectiveness of the Whistleblowing Policy. Since publication of our previous Statement, there have been no disclosures relating to modern slavery.

8.    Supplier due diligence:

We are committed to ensuring that slavery and human trafficking do not take place within any part of our business or within our supply chains. We will not knowingly support or do business with any organisation that is involved in such practices and we will terminate any relationship immediately where we discover a breach of any aspect of the Modern Slavery Act.

To ensure all those in our business and supply chains comply with our Policy, during 2019, we continued to develop our supplier assurance programme. We continue to operate a triaging approach based on risk. Where greater vulnerability to modern slavery risk is identified, we ask suppliers to:- . Implement due diligence to ensure that its officers, employees, associated persons and downstream suppliers comply with the Act . Attest that they have modern slavery guidelines in policies and standard terms, conduct regular risk assessments, undertake modern slavery training and have not been subject to investigation or conviction as a result of activities relating to modern slavery. Suppliers are required to update this attestation on an annual basis.

9.    Training:

To ensure that all colleagues are fully aware of our zero tolerance position and commitment to ensuring that there is no modern slavery in our business or supply chains we again required all colleagues to complete the annual computer based training package on modern slavery. The training was reviewed and revised to include more detail on potential red flags to spot modern slavery risk and included links to external resources, to provide more information for colleagues on what modern slavery looks like in our world today. This training was completed by 99.9% of colleagues.

10.    How to get in touch with us?

24.1. We can be contacted via the following means:

24.1.1. Post using the address: 88 Caledonian Road, London, N1 9DN. United Kingdom.

24.1.2. Email using the email address:

24.1.3. Website:

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