In December 2021, Congress passed the Uyghur Forced Labor Prevention Act (UFLPA) with overwhelming bipartisan support, passing the House 428-1 and the Senate unanimously. President Biden signed it into law. The UFLPA requires the administration to take significant new steps to prevent goods from entering U.S. markets produced in China's Xinjiang Uyghur Autonomous Region (XUAR), […]

One of the most crucial procedures before beginning collaboration with a third-party company is due diligence, which reveals any unaddressed dangers or weaknesses that could damage your network. In this piece, we'll define third-party due diligence, go through its benefits, and provide step-by-step directions for getting started. Knowing one's partner is a crucial component of […]

A bankruptcy and insolvency checks are a thorough investigation into a person's or business's financial stability and credit history. These investigations provide details about the person's or business's financial stability, such as if they have been declared bankrupt, insolvent, or had significant credit problems. Therefore, these checks can help you make decisions by giving you […]

The financial statement of a company gives critical data about its financial health. It correctly depicts the corporate's business activities and economic status. Furthermore, it assists all stakeholders, such as securities analysts and investors, in gauging and making appropriate financial choices by analyzing previous and present performances. The information provided by financial statements offers standards […]

Businesses and their rivals are both moving at breakneck speeds. Every choice these companies make needs to be well-researched if they want to have an advantage in the market. No matter what industry they are in, every organization has access to a wealth of data they may use to their benefit. Unfortunately, very few businesses […]

A company needs to understand the people it does business with. Therefore, many companies perform a percentage of customer due diligence. Customer Due Diligence is a very important and complex field used by financial institutions to evaluate and collect the relevant details of a customer or a potential customer. It helps you to identify and have knowledge […]

Introduction The more information you have, the easier it is to search for company records. If possible, try to find out: The name of the company and its address. The date that the company was formed. The date that the records were last updated. How to get access to the places where public records are […]

Introduction When it comes to performing a political exposure check, it's important for businesses to be aware of the different criteria that can constitute a Politically Exposed Person(PEP). Each country or company may have its own definition of what this entails, so it's important to be familiar with the regulations and standards. Regulatory compliance is […]

Introduction What is Supply Chain Sustainability? This is a question that many people are asking, and for a good reason. The definition of supply chain sustainability can be a little unclear, but generally, it refers to optimizing resources while also increasing ROI. In other words, it's about looking for ways to make our businesses more […]

As a company owner, you are certainly aware that global sanctions and compliance are critical to the operation of your company. This includes securely preserving accounting statements to preserve client confidentiality, protecting all of your data with firewalls, and screening clients and potential business partners before and after partnering with them. Unfortunately, this global sanction […]