Statement under the Modern Slavery Act

March 9, 2022
4 mins read
Statement under the Modern Slavery Act

    UK Modern Slavery Act

    The United Kingdom Modern Slavery Act of 2015 requires businesses to publish an annual statement specifying the efforts taken to help prevent slavery and human trafficking in their own business or their supply chain.

    Company overview, Organizational Structure, and Supply Chains

    Veryfi empowers organizations to capture, extract and transform unstructured documents such as receipts, invoices, purchase orders, checks, credit cards, and W-2s into structured data at scale. Our suite of data transformation APIs and mobile capture technology can be leveraged across industries to reduce or eliminate manual data entry, avoid human error, and unlock valuable business intelligence in seconds. Trusted by enterprises and software companies alike, Veryfi’s AI-based platform is delivering fast, accurate, and secure data to hundreds of companies globally.

    Our employees and suppliers are some of our most valued partners.

    Our code of conduct and ethics is principled on ‘doing the right thing’, and to work to the highest standards (our “Code”) . Our commitment to these goals is reflected in how we run our business. We play an active part in our community, supporting others and bringing about beneficial change wherever we can.

    We expect our strategic partners to live by our values as well. We ask all our suppliers to join us by adopting our Supplier Responsibility Policy. We work with our suppliers to obtain high quality goods and services at the best value. We set clear expectations with our suppliers as are outlined in our Supplier Code of Conduct (“Supplier Code”). The Supplier Code is highlighted to our suppliers as part of our supplier on-boarding process and is featured on our website. We encourage our suppliers to establish policies and procedures to ensure compliance with the Supplier Code and all applicable laws and regulations. In the event we were to become aware of any policy violations or behaviors related to slavery and human trafficking, our legal department would determine further actions, if any.

    Veryfi takes the following actions to help prevent forced labor, slavery and human trafficking.

    Policies and Agreements

    a. Supplier Code of Conduct

    Our Supplier Code serves as a guide to supplier business conduct, and all suppliers are presented with Veryfi’s expectation of compliance with the Supplier Code. Veryfi demands our business partners, suppliers, contractors and agents (collectively, “suppliers”) to conduct themselves ethically, professionally and with the utmost integrity and transparency in all of their business dealings, including complying with all applicable laws, rules and regulations. The Supplier Code demands the suppliers to respect and protect fundamental human rights across their value chain in accordance with international standards set forth by the United Nations Universal Declaration of Human Rights, which prohibits slavery, and the International Labor Organization’s Fundamental Convention on Discrimination (Employment and Occupation). Specifically, the Supplier Code provides that all work should be voluntarily performed and prohibits forced, bonded or indentured labor and involuntary prison labor. Additionally, Veryfi’s suppliers must provide a safe and hygienic work place, a freely chosen environment for workers and equal employment opportunities.

    b. Supplier Responsibility Guidelines

    In addition to the Supplier Code, suppliers with an annual turnover of over $20 million must agree to comply with our supplier responsibility guidelines on employment treatment, ethical conduct, occupational safety, environmental management, among other requirements.

    c. Standard Purchase Order Terms

    Our standard purchase order terms require suppliers to agree to all of our policies, procedures and requirements, including the Supplier Code and comply with all applicable laws and regulations.


    Veryfi conducts due diligence on suppliers, which may include screening against government watch lists and conducting adverse media searches. In the event that an issue is discovered during screening, appropriate action will be taken.

    Risk Management

    Veryfi, generally, can perform evaluations to ensure that our suppliers, their subcontractors and their next-tier suppliers are complying with our Supplier Code and with applicable laws and regulations. This includes visiting (and/or have external monitors visit) supplier facilities, with or without notice, to assess compliance with the Supplier Code and the law. Veryfi may take measures to ensure compliance and address suspected instances of non-compliance with the Supplier Code.

    In addition to the policies and procedures described above, we have an anonymous Veryfi Integrity Line to report suspected discriminatory, unethical or illegal supplier activities. When necessary, the Veryfi Integrity Line is available to protect third-party personnel, temporary workers, independent contractors and personnel of subcontractors reporting violations of forced labor, slavery and human trafficking rules.


    Veryfi conducts employee trainings on workplace safety and our code of conduct and ethics. We also expect our suppliers to communicate the principles in our Supplier Code to their employees and third party partners.