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Risk, fraud, and Investigations
Identify and mitigate third party and supply chain risks
Automate the screening of supply chain partners, continuously monitor for risk, and quickly investigate concerns.
In today’s global economy, the stakes are higher than ever when it comes to knowing your vendors, suppliers, and customers. Heightened pressure from expanding regulation requires you to be informed and compliant to avoid costly fines and penalties. With Thomson Reuters Solutions, seamlessly and automatically screen your business partners for risk, and dive deeper to investigate areas of concern, while maintaining a consistent process across your organization.
Supply chain management trends today
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$42.7MIn sanctions violation settlements in 2022, more than double total penalties OFAC imposed in prior two years.*
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87%Of APAC respondents agree that supplier due diligence across the supply chain is now more important than ever due to increased regulations**
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57%Of organizations now use technology to help evaluate and document supply chain disruption***
What’s in it for you?
Avoid costly penalties and fines by performing comprehensive due diligence to meet the U.S. Departments of State, Commerce, Customs and Border Protection, and other global agencies' requirements.
Screen suppliers, vendors and customers against 750+ global lists for sanctions, embargoes, restricted companies, persons, including forced labor, quickly surfacing areas of risk and concern.
Be confident in third party entities by screening thousands of people or businesses at once with the ability to continuously monitor, enabling you to make informed decisions.
Reduce cost and disruptions by maintaining visibility throughout your supply chain and cross-border transactions. Increase efficiency and accuracy across your teams.
Easily assess the risk of entities and individuals
Continuously monitor partners for politically exposed persons (PEP), global beneficial ownership and adverse media with comprehensive trusted information to see the entire picture of a business or individual and any risk they pose to your organization.
Automate screening within your corporate system
Manage the export process in real time to increase compliance, improve clearance efficiency and automate screening, license determination and tracking.
Simplify enhanced due diligence
Continuously monitor partners for politically exposed persons (PEP), beneficial ownership and adverse media with comprehensive trusted information to see the entire picture of a business or individual and any risk they pose to your organization.
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* JD Supra: U.S. Sanctions Enforcement: 2022 Trends and Lessons Learned
** Thomson Reuters Global Trade Report 2022
*** BCI: Supply Chain Resilience Report 2021
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