Screening Customers and Distributors is Integral to your Export Management and Compliance Program!
Laws regarding anti-money laundering (AML) and anti-corruption are not just for financial institutions; the US Government has significantly expanded restrictions regarding sanctioned Chinese Military Companies (CMC) and Military End Users (MEU) in China, Russia, and Venezuela. We can help you learn who is behind a company, including whether it is ultimately controlled by a restricted entity. You must Know Your Customers (KYC) or risk heavy fines and revocation of your export license!
The leading cause of unfavorable Blue Lantern results is “derogatory information / foreign party deemed unreliable.” Annually this accounts for almost 50% of cases (Source). This means simply by ensuring you have accurate and sufficient information on your international partner, you can significantly mitigate your risk of non compliance with US Export Controls.
Need to know everyone in the ownership chain, not just to AML standards? Order our Ultimate Beneficial Ownership (UBO).
GloBIS provides the unbiased facts about any company anywhere in the world – any size, any industry, any location, and any type of company. Find out who really owns that company, who their affiliates are worldwide, their litigation record, adverse Internet content, etc.
GloBIS will find the threat before it becomes a problem.
Order an up-to-date due diligence check on them from an unbiased third party who is an Strategic Partner and long-time supplier of International Company Profile (ICP) reports to the US Department of Commerce, and on on Ex-Im Bank’s short list of accepted credit information sources, like Chicago based GloBIS.
Use the GloBIS Compliance Red Flags Warning Signs Checklist on every potential partner from the start!
Or have GloBIS' professionals run this for you (US$250)
GloBIS' services are rendered by a neutral observer, i.e., not someone whose goal is a bonus if you start a business relationship with the Subject company. GloBIS reports add extra layers of assurance that the information is fact-based, impartial, and that Red Flags are highlighted for the client’s attention.
GloBIS' freshly investigated Fullcheck Reports cost US$265 on companies in Asia; US$305 on companies elsewhere.
Delivery time is 7 business days.
This report is so comprehensive, it is probably all you will need!
GloBIS' Local Language Media Searches (LLMS) are an excellent way to gather derogatory information on a Subject in countries where litigation records are inaccessible and/or situations are too new to find elsewhere.
Additional services highly relevant to compliance:
- Site visits/interviews
Ultimately it is your decision to go with a business partner, which also means it is your responsibility to show you made your best effort to properly screen them by ordering a high-caliber and impartial due diligence report on them.
You need this and GloBIS has it.