Our Business and Organisational Structure

Bank of London and The Middle East plc (BLME) is an award-winning, Sharia compliant bank authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. BLME provides wealth management products, real estate finance for commercial and retail clients, and savings and current account products for retail clients.

This Modern Slavery Statement (“MSA”) has been prepared to comply with the UK Modern Slavery Act 2015 for the 2024 financial year, detailing our efforts to help end slavery, human trafficking, child labour, or any other abuse of human rights

 

Supplier Due Diligence and Risk Assessments

The Modern Slavery Act defines modern slavery as “slavery, servitude and forced or compulsory labour” and “human trafficking” (“Modern Slavery”).

BLME suppliers are an integral extension of our operations and are indispensable to our long-term success. We expect all our third parties to remain in full compliance with all applicable laws, regulations, and governing frameworks surrounding modern slavery. We remain committed and proactive to the ongoing enhancements of our approach to identifying, monitoring, and reporting risks related to modern slavery and are prepared to respond to any potential situation that may arise.

Our Third-Party Management team identifies associated risks, including any potential risk exposure to modern slavery. Where suppliers are not seen to have appropriate standards in place, we will work in partnership to improve standards.

Throughout 2024, our experienced employee within this area of expertise undertook an exercise to review the common procurement category themes where modern slavery exposure is most likely to be present within the financial services industry and mapped these against our existing supply chain. This has enabled us to understand the potential supply chain risks whilst driving compliance on our high-risk suppliers.

We have also conducted thorough and detailed reviews of BLME’s core suppliers to identify any potential inherent risks to our business. Where necessary, we have taken proactive measures to enhance standards and mitigate any identified risks.

BLME does not have direct exposure to a high-risk of Modern Slavery, but nether-the-less it is committed to: (i) undertaking appropriate due diligence on its Supply-Chain commensurate with its legal obligations; (ii) obtaining appropriate attestations of compliance from suppliers in its Supply-Chain; and (iii) carrying out appropriate monitoring and oversight of the Supply-Chain.

Employee Training

In addition to the Supplier Due Diligence and Monitoring referred to above, BLME is committed to training its employees (including its executives) on modern slavery issues, with the aim to ensure that each understands the importance of identifying and mitigating modern slavery abuses. This is carried out as part of our financial crime training programme, which is mandatory for all employees and executives (whether they are permanent or temporary).

 

Effectiveness Rating

BLME can report that for its 2024 financial year, no Modern Slavery issues were identified:

  • in BLME’s business / operations; or
  • relating to BLME’s Supply-Chain which required a contract exit process to be enacted due to any modern slavery concerns

 

Approval

This MSA Statement was approved by the BLME Board on 26th June 2025.

Andrew Ball
Chief Executive Officer
Director