Our Commitment
Unicorn Currencies Limited (Canada) and Unicorn Currencies Ltd (United Kingdom) are committed to preventing modern slavery, human trafficking, forced labor, and child labor in our operations and supply chain. We have zero tolerance for these practices.
This statement is made pursuant to Section 54 of the UK Modern Slavery Act 2015 and sets out the steps we have taken during the financial year to ensure that slavery and human trafficking are not taking place in our business or supply chains.
Our Business and Supply Chains
Unicorn Currencies provides foreign exchange, international payments, and treasury management services to businesses engaged in international trade. Our operations include:
- Foreign exchange conversion and international payment processing
- Treasury management and multi-currency wallet services
- Technology platform development and maintenance
- Client onboarding, support, and relationship management
Our supply chain primarily consists of technology vendors (cloud infrastructure, software), professional service providers (legal, audit, compliance), banking and payment partners, and identity verification providers.
Policies and Due Diligence
Anti-Slavery Policies
We maintain policies and procedures to identify and mitigate modern slavery risk:
- Code of Conduct & Ethics: Requires ethical behavior and prohibits exploitation
- Whistleblower Policy: Confidential reporting channels for suspected violations
- Supplier Due Diligence: Assessment of supplier practices before engagement
- Financial Crime Prevention: Transaction monitoring for human trafficking indicators
Supply Chain Due Diligence
We assess modern slavery risk in our supply chain through questionnaires and certifications, contract clauses requiring compliance, ongoing monitoring and periodic reviews, and termination rights for non-compliance.
Risk Assessment
We have assessed modern slavery risk in our operations and supply chain. Key risk areas include:
- Low Risk: Professional services, technology vendors in regulated jurisdictions
- Medium Risk: Third-party contractors in emerging markets
- Higher Risk: Client transactions involving labor-intensive industries, high-risk jurisdictions
Our transaction monitoring includes indicators for human trafficking: unusual payment patterns, cash-intensive remittances to high-risk regions, payments inconsistent with stated business purpose.
Training and Awareness
All employees receive modern slavery awareness training as part of onboarding. Client-facing and compliance staff receive enhanced training on recognizing indicators of human trafficking in financial transactions.
Key Questions
What is Unicorn Currencies' position on modern slavery?
Zero tolerance. We prohibit modern slavery, human trafficking, forced labor, and child labor in our operations and supply chain. We comply with the UK Modern Slavery Act 2015 and Canadian laws.
How does Unicorn Currencies prevent modern slavery?
Through supply chain due diligence, contractual requirements with partners, staff training, whistleblower channels, and transaction monitoring. We screen high-risk sectors and geographies for human trafficking indicators.
Does Unicorn Currencies screen transactions for human trafficking?
Yes. Our financial crime prevention framework includes monitoring for transaction patterns associated with human trafficking—unusual payment flows, high-risk jurisdictions, and suspicious beneficiary patterns.
What should I do if I suspect modern slavery?
Report immediately to ethics@unicorncurrencies.com or compliance@unicorncurrencies.com. You can also report anonymously via our whistleblower channel. All reports are investigated confidentially.
How often is the Modern Slavery Statement updated?
Annually, as required by the UK Modern Slavery Act. Our statement covers our policies, due diligence processes, risk assessment, training, and key performance indicators for each financial year.
Contact Information
To report concerns about modern slavery or human trafficking:
Email: compliance@unicorncurrencies.com
Ethics Hotline: ethics@unicorncurrencies.com
UK Phone: +44 (20) 8064-0818
Canada Phone: +1 (548) 488-0818
Related Policies: Code of Conduct & Ethics · Whistleblower Policy · Financial Crime Prevention Framework