Q: “We )would like to find out whether some of the companies who have approached us are reputable and compliant enough with the rules and regulations of the US.”
A: The best sources of information about companies in Vietnam (due diligence) are:
- Foreign Commercial Service International Company Profile – general company information
- Dun & Bradstreet for financial background
Business Information Report
- Trace International for the questions about “are reputable and compliant enough with the rules and regulations of the US?”
TRACE membership helps companies operating globally conduct business ethically and in compliance with the U.S. Foreign Corrupt Practices Act, UK Bribery Act and other similar anti-bribery regulations, all while remaining competitive. TRACE members pay an annual membership fee and memberships are renewed annually.
TRACE due diligence solutions are heavily benchmarked, innovative and cost-effective. With in-house research capabilities in over 35 languages, a worldwide network of partner firms that can be called on for local law expertise, and nearly two decades of anti-bribery experience, TRACE offers superior quality and competitive pricing.
TRACE’s Third Party Management System is a scalable and easy to use platform for managing due diligence on an unlimited number of third party intermediaries. From assessing third party risk to monitoring relationships, the TPMS provides organizations of all sizes with a cost-effective solution for third party management. Housed within the TPMS are other essential compliance platforms provided by TRACE.
The TPMS is intuitively designed with the compliance officer in mind. Users can easily set up their fully customizable portal with multiple admin user types and sub-companies to match their unique business structure.
A key feature of the TPMS is the Intermediary Directory, a publicly searchable database of “pre-vetted” business partners worldwide. TRACE Certified Due Diligence reports for third parties in the Intermediary Directory are available upon request at no cost. TRACE members and due diligence customers benefit from additional search capabilities in the directory.
Posted: Jul 2, 2019 (Herb Cochran)