Modern slavery statement

1. About this statement

This statement describes the steps Nex Systems ("Nex", "we", "us" or "our") takes to prevent modern slavery and human trafficking in our business and supply chain. Modern slavery includes forced or compulsory labour, servitude, debt bondage, human trafficking and child labour.

We are not required to publish this statement under the UK Modern Slavery Act 2015 or similar laws. We publish it voluntarily because we believe companies should be open about these risks and the steps they take to address them. It follows the reporting areas suggested by section 54 of the UK Act, and it covers the financial year ending 31 December 2026.

2. Our business

Nex Systems builds compliance software. Our products are Nex eKYC for identity verification, Nex Screening for sanctions, PEP and adverse-media screening, and Nex AML for transaction monitoring, risk assessment, investigations and regulatory reporting. Together we call them Nex 360.

Our customers are businesses and organisations with compliance obligations. Our regional hub is in Dubai, United Arab Emirates. Our team is made up of skilled, salaried professionals and contractors working in software engineering, compliance, product, sales and operations.

3. Our supply chain

As a software company, our supply chain is relatively short. Our main categories of supplier are:

• Cloud hosting and infrastructure: data centres, hosting, networking and storage.
• Software and AI services: development tools, business applications and AI model providers.
• Professional services: legal, accounting, recruitment and consulting.
• Hardware and office services: laptops and equipment, office facilities, cleaning and security.

4. Our policies

Our commitments against modern slavery are set out in the following policies and practices:

• Code of conduct: we expect everyone who works for or with us to treat people with dignity and to act lawfully and ethically.
• Fair recruitment: we pay wages directly to the people we employ, we do not charge recruitment fees, and we do not hold anyone's passport or identity documents.
• Speaking up: anyone can raise a concern confidentially. We do not tolerate retaliation against people who report concerns in good faith.
• Supplier expectations: we expect our suppliers to meet the same standards and to apply them in their own supply chains.

5. Risk assessment

We consider the risk of modern slavery in our own operations to be low. Our work is skilled, office- or home-based, and done by people we employ or contract directly.

We consider risk to be higher in some parts of our wider supply chain:

• Electronics: components and devices can be manufactured or mined in regions where forced labour has been reported.
• Facilities services: cleaning, security and maintenance often rely on lower-paid or migrant labour, sometimes through agencies.
• Recruitment agencies: workers placed through agencies can be exposed to fees, debt or withheld documents.

6. Due diligence

We focus our checks where the risk is highest:

• We prefer established suppliers with published commitments on labour standards and human rights.
• We ask new higher-risk suppliers about how they recruit, pay and treat workers.
• Where we can, our contracts require suppliers to comply with anti-slavery laws and allow us to end the relationship if they do not.
• We investigate any concern raised with us and act on what we find, which may include ending a supplier relationship.

7. Training and awareness

We make sure our team understands what modern slavery is, how to recognise warning signs and how to report a concern. People responsible for hiring and buying receive guidance on the specific risks in their area.

8. Our products

Our software helps compliance teams detect and investigate financial crime. Human trafficking and forced labour generate criminal proceeds, so the screening, monitoring and investigation tools we build can help our customers identify and report suspicious activity, including activity that may be linked to these crimes.

9. Measuring progress

During the next financial year, we plan to:

• Complete a review of our suppliers in the higher-risk categories above.
• Add anti-slavery clauses to new supplier contracts where they are missing.
• Complete awareness training for everyone in our team.
• Record every concern raised and how we resolved it.

We will report our progress in our next statement.

10. Approval

This statement was approved by the Founder of Nex Systems and will be reviewed and updated each year.

Dr. Mohamed A. Zied
Founder, Nex Systems

To raise a concern or ask about this statement, contact us at admin@nex.systems.