Last updated July 2025.
Introduction
Yaspa is committed to conducting business ethically, with integrity and transparency. This statement outlines the steps we have taken to ensure that slavery and human trafficking do not take place within our business or our supply chains, in accordance with the UK Modern Slavery Act 2015.
1. Our business
Yaspa is a financial technology company delivering instant, identity-linked bank payments for regulated sectors. Headquartered in the UK, our platform connects consumers and merchants in real time through secure, compliant infrastructure.
We are authorised and regulated by the Financial Conduct Authority (FCA) and operate in highly regulated markets. Our supply chain is relatively short and consists primarily of professional service providers, software vendors, and banking/payment infrastructure partners.
2. Our commitment
We have zero tolerance for modern slavery, human trafficking, forced labour, or servitude of any kind. We are committed to improving our practices to combat these crimes and to acting ethically and with integrity in all our business relationships.
3. Risk assessment
Given the nature of our operations—technology-led, with no manufacturing or physical product supply chains—we assess our risk of exposure to modern slavery as low. Nonetheless, we remain vigilant, particularly when onboarding new third-party partners or working in new jurisdictions.
4. Due diligence and supplier engagement
We perform due diligence when engaging with suppliers, especially those providing outsourced or offshore services. Our procurement processes include:
- Vetting suppliers for ethical practices
- Requiring contractual commitments to compliance with modern slavery legislation
- Periodic reviews of high-risk vendors, particularly in non-UK jurisdictions
5. Policies
Yaspa has implemented the following relevant internal policies:
- Code of Conduct – Outlining our expectations for lawful and ethical behaviour across our business.
- Whistleblowing Policy – Encouraging employees and contractors to report concerns, including those related to human rights violations.
- Supplier Code of Conduct – Communicating our stance on modern slavery and requiring adherence from key partners.
6. Training and awareness
All employees, especially those involved in procurement, compliance, and partnerships, are made aware of modern slavery risks through internal training and updates. We plan to implement annual refresher sessions to keep awareness high and support early identification of red flags.
7. Monitoring and KPIs
We monitor our supply chain annually and evaluate modern slavery risks based on:
- Geographic risk profiling of suppliers
- Nature of services provided
- Supplier responses to compliance questionnaires
We are exploring integration of ESG (Environmental, Social, Governance) scoring into our partner assessment framework to strengthen accountability.
8. Looking ahead
In the next 12 months, we aim to:
- Formalise ESG assessments across all new supplier onboarding
- Update our Supplier Code of Conduct with more explicit references to labour rights
- Enhance board-level reporting on modern slavery risk exposure