This statement outlines the actions Argentex LLP has taken to understand all potential modern slavery risks related to its business, in accordance with Section 54 of the UK Modern Slavery Act (2015).

As part of the financial services industry, Argentex recognises its responsibility to take a robust approach to slavery and human trafficking. Argentex is committed to preventing slavery and human trafficking both in its corporate activities and its supply chain, expecting the same high standards from all contractors, suppliers and business partners.

Organisational structure

Argentex LLP is a UK based company that provides foreign exchange services and is Authorised and Regulated by the Financial Conduct Authority (FCA) for the provision of investment services and as an Authorised Electronic Money Institution. Argentex LLP has fewer than 50 employees in the UK, and an office in Dubai with fewer than 10 employees.

Organisational policies and approach

Argentex LLP operates of number of policies to ensure a transparent and ethical approach to in conducting its business. These include:

  1. Whistleblowing Policy – This policy ensures that employees can identify and report suspicious activity, including and not limited to suspected modern slavery or human trafficking, without fear of reprisal.
  2. Training and Competence Policy – This policy ensures a complete due diligence on all existing and potential employees, verifying each employee’s eligibility to work in the U.K. to safeguard against human trafficking or individuals being forced to work against their will.
  3. Outsourcing Policy – third parties that provide goods and services are subject to due diligence checks and monitoring, especially when the outsourcer is considered material.

Organisational policies and approach continued…

The supply chain includes employee recruitment agents, IT and telecommunication providers as well as general office supplies and maintenance. Geographically, Argentex’s suppliers are predominantly based in the UK and none based in higher risk jurisdictions according to the Global Slavery Index. All suppliers, clients and employees are subject to risk assessment and due diligence checks and as such Argentex are confident that it ensures transparency and efficiency in its business and approach to tackling modern slavery and human trafficking.

Argentex will review all internal policies regularly and at least on an annual basis, to ensure the continued effectiveness and improvement of the way in which it conducts its business.

Management Approval

This statement has been approved by the Executive Committee of Argentex LLP and is made in accordance with section 54 of the Modern Slavery Act (2015), for the financial year ending 31st March 2018.



Carl Jani
CEO – Argentex LLP