D&B Compliance Verification

Transcription

1 D&B Verificatin Safeguard yur business thrugh cmprehensive Checks Verify Business Partners Strengthen Crprate

2 ~ Tday's business envirnment is becming increasingly regulated in a glbal attempt t enfrce ethical business practices. Thus, cmpanies have started t take a clser lk at their cmpliance practices, and are evaluating whether their existing cmpliance prgrammes are adequate t keep up with the changing glbal antibribery and anticrruptin legislatin. The cst f nn-cmpliance with these regulatins - frm a legal, financial and reputatinal perspective Envirnment in India Bth multinatinal and Indian cmpanies perating in the cuntry, tday, are expected t deal with cmplex regulatins, munting pressure frm regulatrs, enfrcement agencies and civil sciety, thus making cmpliance risks mre daunting than befre. In additin t this, businesses are expsed t extra-territrial risk thus cmpelling them t assess and mnitr perfrmance f their glbal Third Party assciates (such as custmers, suppliers, partners) n regular basis t mitigate risks, if any. In India, there are varius statutry and regulatry cmpliances that business entities need t cmply with. Sme key Regulatrs / Bdies driving cmpliance include: Securities and Exchange Bard f India (SEBI) Reserve Bank f India (RBI) Stck Exchanges (BSE and NSE) Ministry f Crprate Affairs (MCA) Emplyees Prvident Fund Organizatin (EPFO) Tax Departments (Incme Tax, Sales Tax, Excise, Custms etc) In additin t the abve, freign MNCs wh have Parent Cmpanies in USA, UK and Indian MNCs having ffices in these cuntries are gverned by certain additinal laws such as: US Freign Crrupt Practices Act (FCPA) The UK Anti-Bribery Act - is extremely high. ~ Nn will expse the cmpanies, lcal and glbal management and third parties t penalties and legal actin.

3 D&B Verificatin Maintaining an effective cmpliance prgramme Fr mre than 20 years, Dun & Bradstreet has been wrking with custmers acrss sectrs t help them assess, investigate and mnitr third parties fr ptential risk. D&B's Verificatin Slutins ffer a cmprehensive suite f services that helps prtect a cmpany's equity and reputatin. They assess third party business relatinships vis-a-vis lcal as well as glbal regulatry and anti-crruptin laws. D&B's Verificatin Slutins assist cmpanies t identify banned, suspect, r crrupt entities and individuals, strengthen existing regulatry prcesses, meet regulatry cmpliance, manage supply and distributin risk and prtect their brands by: Identificatin and authenticatin f data frm Dun & Bradstreet s database f 280 mn glbal businesses Screening f rganizatins and principals by leveraging Dun & Bradstreet's rbust systems and cverage t imprve efficiency while reducing and/r eliminating false-psitives Prviding bjective, fact-based guidance thrugh varius Red Flags that help rganizatins t identify ptential adverse events Demnstratin f 'adequate' prcedures t Regulatrs, ensuring yur investigatins are cnducted against data that is legally btained and fit-fr-purpse, ffering superir depth, breadth and accuracy Uncvering hidden risk and practively sptting new risks thrughut the value chain by assessing the cmplete risk in the entire supply chain f a cmpany D & B C m p l i a n c e V e r i f i c a t i n B e n e f i t s Verify ptential / existing business partners Prtect yur rganizatin frm third-party risks Minimize any regulatry and reputatinal risks Flexible slutins that are designed t supprt yur specific cmpliance needs Imprve security, cmmunicatin and verall business practices

4 Dun & Bradstreet helps yu systematically manage yur crprate Regulatry and prtect yur business D&B Verificatin Slutins are pwerful tls that prvides advanced screening and mnitring f yur third parties. They ensure lcal as well as glbal regulatry cmpliance with a fcus n glbal anti-crruptin regulatins, which als evaluating the business and cmpliance risks assciated with the Indian market. Glbal enterprises are expsed t a cmplex netwrk f Third-Party relatinships Each represents different degrees f risk Sub - Cntractr Dmestic Custmer Representative Internatinal Custmer Risk Ptential* Lwer Medium Medium/High Highest *indicative

5 Why Dun & Bradstreet? Dun & Bradstreet is uniquely psitined t prvide yu with the trusted data yu need t supprt yur needs, thrugh cmprehensive checks and nging mnitring f yur business partners. D&B Verificatin prvides cmpanies with thrugh, fact based guidance t uncver hidden risks pertaining t a cunter party, thereby prtecting the cmpany s equity and reputatin. Risk & Expertise Dun & Bradstreet has been wrking with varius MNCs, Indian crprates and financial institutins t help them meet their cmpliance needs efficiently and meet regulatry requirements. We understand that ne size desn't fit all and we have successfully wrked with rganizatins, big and small t develp rbust Verificatin Slutins t meet their needs. We ffer a range f flexible slutins t meet yur unique needs cvering legal, statutry, reputatinal, plitical and financial risks. We understand data and the demands that yu have At Dun & Bradstreet we live and breathe data, turning it int business-ready insight every day. We understand that yu want t be cnfident that yu have the best available data in the market and we use ur expertise t ensure yu get the best: Quality Cverage Reach & Scale Cnsistency Timeliness Custmizatin Legal Risks Internatinal Law Enfrcement Interests Criminal Recrds Judgment Filings Cnsumer Disputes BIFR Check Reputatinal Risks Adverse Media Check - With respect t Bribery/Crruptin/Fraud Ntices frm Interpl/CBI - Red Ntice/ Yellw Ntice Wrld Bank List - banned Cmpanies Plitical Risks Adverse Media Check - Plitically Expsed Persnnel (PEPs) Database checks t identify plitical linkage f entities, directrs and management teams Statutry Risks Indian debt recvery tribunal Cmpanies having charges against them published by RBI Default with respect t Prvident Fund, Emplyee State Insurance Crpratin (ESIC) Scheme