TRACE due diligence solutions are innovative, cost-effective and based on robust benchmarking. With in-house capabilities in over 30 languages, a worldwide network of partner law firms that can provide on-the-ground assistance and nearly two decades of anti-bribery expertise, TRACE offers superior quality and competitive pricing.
- Third Party Management
- Risk Assessment
- Low Risk
- Low-Medium Risk
- Medium-High Risk
- Highest Risk
- Custom Reviews
- Mergers & Acquisitions
The Premier Platform for Managing Third Party Risk
The TRACE Third Party Management System is a streamlined, user‐friendly online tool for managing third party risk and due diligence requirements. The platform makes it easier for compliance professionals to automate compliance activities, assess third party risk, manage due diligence reviews and track on-boarding decisions for an unlimited number of third parties.
The TPMS is a scalable platform intuitively designed with the compliance officer in mind. Three different account types are available with varying levels of customization and usability. TRACE Members enjoy complimentary access to basic TPMS features.
A key feature of the TPMS is the Intermediary Directory, a searchable database of pre-vetted and trained third parties for hire, containing thousands of small and medium-sized enterprises in every non-sanctioned country. Entities can be searched publicly by Company Name. Additional search and messaging features are available exclusively to TRACE Members.
AUTOMATED THIRD PARTY RISK ASSESSMENT
TRACEsort makes it easy for organizations to collect and assess third party risk information through multilingual standard or customized questionnaires. The software integrates seamlessly with TRACE risk-based due diligence solutions, allowing users to designate risk tiers and initiate due diligence automatically upon completion of the assessment. TRACE Members enjoy complimentary access to TRACEsort.
DENIED PARTIES AND PEP SCREENING WITH SAME DAY RESULTS
TRACEbasic enables companies to cost-effectively screen large volumes of names against Denied Parties and Politically Exposed Persons (PEPs) databases and quickly identify individuals and entities that present a potential source of risk. Names are searched against hundreds of global regulatory, watch and sanctions lists.
MEDIA AND WATCHLIST SCREENING
Screen third parties against sanctions and government watch lists and assess their reputation through a review and analysis of online and print media with TRACE Reputational Due Diligence. The subject of the search is not contacted or involved in this screening. Multilingual due diligence analysts focus on identifying adverse information or indications of government affiliations and summarize findings in the final report.
FAST TRACK THE ON-BOARDING PROCESS FOR YOUR LOWER RISK THIRD PARTIES
TRACEcheck® is designed for lower risk third parties or as a first run due diligence review on a large number of intermediaries, such as the intermediaries of an acquisition target, to determine where further due diligence is necessary.
A detailed due diligence review THAT ELIMINATES SCREENING COSTS FOR MULTINATIONAL COMPANIES
TRACEcertification is the only comprehensive due diligence review, analysis and approval process available that allows third parties to own their verified compliance report. Certification by TRACE signifies that a company or individual has completed an intensive review that meets international requirements.
As an exclusive member benefit, TRACE Corporate Members may sponsor their third parties to receive this due diligence review at a discounted rate.
Intensive, On-the-Ground Due Diligence Investigation
Conducted by a senior TRACE attorney and due diligence analyst, this comprehensive, intelligence-gathering service builds a complete profile of the subject without outsourcing the review to an independent contractor and compromising the quality of the report. TRACEreview® offers an intensive, on-site review of higher risk relationships or relationships for which significant red flags have already been identified. It can also be used to audit third party relationships.
Custom Designed Due Diligence Reports
TRACEselect® allows companies to order separately priced components of a due diligence report, based on their compliance priorities and risk profile. This service is designed to help companies better manage their commercial intermediaries at all levels of risk and fulfill their unique compliance needs with one simple and cost-effective due diligence solution. Through the user-friendly TPMS, companies can order, track and view reports as well as manage intermediary relationships in a centralized platform.
Specialized Due Diligence for Mergers & Acquisitions
TRACE M&A’s service defines the target’s anti-corruption risk profile and identifies any red flags to adjust for any bribery risks or possible successor liability in the valuation, deal structure, transaction documents or ongoing due diligence process. Furthermore, the report contains a concise risk assessment so that the acquiror’s compliance program can be appropriately extended to cover the risks presented by the newly acquired business.