This is the Yasira Group’s statement, made pursuant to section 54(1) of the UK Modern Slavery Act 2015 on behalf of Yasira Financial Services B.S.C. (c) and all legal entities which are direct or indirect subsidiaries of Yasira Financial Services B.S.C. (c) (the “Yasira Group” or “Yasira”). It details Yasira’s stance and approach to human trafficking, forced labour and modern slavery, and sets out the steps that Yasira Group has taken to seek to ensure that human trafficking and modern slavery are not taking place in any supply chains or in any part of its business for the financial year 2026/27. This statement will be reviewed, approved and refreshed annually.
This statement has been prepared having regard to the current UK statutory guidance on transparency in supply chains under section 54 of the Modern Slavery Act 2015. Yasira has considered the recognised reporting areas of organisational structure and supply chains, relevant policies, due diligence, risk assessment and management, effectiveness, and training. Yasira will continue to monitor legislative, regulatory and guidance developments in the United Kingdom, Bahrain and any other jurisdiction in which Yasira operates.
Yasira is an independent provider of administration, accounting and governance services to Middle Eastern fund managers and financial institutions. Yasira employees act with integrity in all client and business relationships, demonstrating professional standards that put the client first. Yasira looks to be a dynamic and progressive employer committed to excellence through nurturing our people, supporting our clients’ ambitions, consistently delivering the highest quality work, and doing right by our communities. This includes ensuring that unlawful child labour, human trafficking, forced labour and modern slavery do not take place in our supply chain or our business. Yasira is active in the financial services sector, which is lower risk in terms of such activities occurring, and has a relatively small supply chain. Yasira’s supply chain primarily comprises professional advisers, technology providers, office services, facilities support, recruitment providers and other business services vendors.
Yasira recognises the relevance of Bahrain’s labour and anti-trafficking framework, including Labour Law No. 36 of 2012 and Law No. 1 of 2008 on Combating Trafficking in Persons. In assessing modern slavery risk, Yasira considers indicators such as forced labour, wage withholding, unlawful recruitment fees, document or passport retention, restrictions on movement, coercion, abuse of vulnerable workers and other conduct that may amount to human trafficking or labour exploitation. These considerations are incorporated into employee awareness, vendor due diligence and ongoing relationship monitoring.
Through policies and procedures, training and ongoing oversight of employees and business relationships, Yasira seeks to raise and maintain awareness of the risks of human trafficking and modern slavery. This extends to due diligence undertaken on potential new clients and supply chain partners and undertaking a regular review of existing relationships to identify any potential changes. Entities or individuals who are involved in modern slavery and human trafficking; may have derived their source of wealth from such activities or who are connected to entities known to be involved in such activities are not acceptable. Yasira maintains a list of prohibited and high-risk sectors, products and delivery channels which is reviewed at least annually and includes a prohibition of undertaking any activities which may be connected to human trafficking or modern slavery.
Yasira’s risk assessment approach is proportionate to the nature, scale and complexity of its business. It considers the jurisdiction, sector, service type, ownership and reputation of counterparties, the use of subcontractors, and any adverse information or indicators of labour exploitation. Where elevated risk is identified, Yasira may undertake enhanced due diligence, request further information, impose contractual expectations, escalate internally, or decline or terminate the relationship where appropriate.
Employees receive training and are required to raise concerns or suspicions of any such activity through pre-approved channels. Training and awareness are reviewed periodically to ensure that employees understand how to identify and escalate potential indicators of human trafficking, forced labour and modern slavery.
Yasira has in place a detailed vendor management due diligence process and seeks to only deal with reputable third-party firms. We conduct a risk-based review of vendors and sub-contractors, ensuring that such firms adhere to relevant laws and regulations, including those relating to human trafficking, forced labour and modern slavery. Yasira expects vendors and sub-contractors to comply with applicable employment, labour, immigration, wage payment and anti-trafficking requirements, and to notify Yasira promptly of any material concerns relating to modern slavery or labour exploitation.
Yasira assesses the effectiveness of its approach through ongoing monitoring of training completion, concerns or suspicious activity raised through internal channels, vendor due diligence outcomes, high-risk relationship reviews, and the annual review of relevant policies, procedures and risk assessments. Yasira will continue to enhance these measures as its business, supply chain and applicable legal and regulatory expectations evolve.
This statement was approved by the Board of Yasira on 28th July 2026.
