Detailed, membership-based due diligence review
TRACEstandard is a comprehensive and detailed due diligence process that results in a commercial intermediary receiving TRACE membership. An intermediary joining TRACE must adopt a code of conduct as part of its membership, complete an anti-bribery training course and update its due diligence information annually. A TRACEstandard due diligence report covers important, verified information related to an intermediary’s ownership, personnel and reputation. TRACEstandard due diligence is only available to TRACE members. Specific features of a TRACEstandard review include:
- Red flags identified
- Comprehensive anti-bribery questionnaire
- Company literature collected and reviewed
- Business registrations
- CVs for key employees
- Business and financial references
- A signed Code of Conduct from the intermediary
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Reputational Screening, which includes:
- media search
- denied parties
- politically exposed persons
- Internet based searches of the intermediary, owners and key employees.