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 2025 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 a critical and necessary extension of our services to our customers and are an integral extension of our operations and long-term success. We expect all third parties to comply fully with all applicable laws, regulations and frameworks relating to modern slavery. We are committed to continuously strengthening our approach to identifying, monitoring and reporting modern slavery risks and remain prepared to respond effectively to potential issues 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.
Both Procurement and Third Party Management determine the nature of services provided by suppliers and identify associated risks, including potential exposure to modern slavery. Where suppliers are not seen to have appropriate standards in place, we will work in close collaboration to improve standards. This ongoing monitoring especially focused on the onboarding of new suppliers into BLME, builds on previous years’ reviews of our supplier base whereby we undertook an exercise to review the common procurement category themes and measure our potential exposure to modern slavery risk.
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 2025 financial year, no Modern Slavery issues were identified:
• in BLME’s business / operations; or Classification: BLME Restricted relating to BLME’s Supply-Chain which required a contract exit process to be enacted due to any modern slavery concerns.
Approval
The MSA Statement was approved by the BLME Board on 25th June 2026.
Andrew Ball
