The Red Flag Group Signs Agreement with Dow Jones Risk & Compliance
Deal will allow The Red Flag Group to integrate Dow Jones Anti-Corruption and Dow Jones Watchlist into its extensive line of advisory, due diligence, and technology products, providing increased value and efficiency to clients requiring international due diligence and screening on third parties
SAN FRANCISCO, LONDON and HONG KONG, Sept. 27 /PRNewswire-Asia/ -- The Red Flag Group, a leading compliance advisory, due diligence and technology firm, has signed an agreement to integrate the Dow Jones Risk & Compliance products into its ComplianceDesktop(R) Technology Platform.
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Designed to address the needs of enterprises that have hundreds or thousands of international third parties, agents, resellers and distributors, this new service integrated into The Red Flag Group's ComplianceDesktop(R) Technology Platform, allows clients to conduct their own screening of third parties. In two simple steps, organisations can conduct their own screening and, where necessary, call on consultants from The Red Flag Group to resolve complex results or "false positives" for a low set fee. The solution also integrates into The Red Flag Group's existing detailed on-the-ground due diligence services that conduct detailed background checks and screening on companies and individuals in over 100 countries.
Businesses throughout the world need better tools to ensure compliance with the FCPA and other laws that prohibit foreign bribery. The integration of the Dow Jones Risk & Compliance databases into the ComplianceDesktop(R) Technology Platform allows for the screening of low-risk third parties without the financial burden of a conducting detailed on-the-ground due diligence.
The Red Flag Group's Global Director of Due Diligence, Martin Jungclaus, said: "We recognise that our clients face the enormously challenging task of screening potential customers and third parties against international sanctions and watch lists. In addition to our enhanced due diligence services, our clients can now access screening and watchlist services themselves online, 24/7. The addition of the Dow Jones Risk & Compliance databases to our product portfolio allows us to better provide corporate counsels and compliance officers the full range of services they need to build and maintain the culture of integrity so vitally important in business today."
Mr Jungclaus added that, with the Dow Jones Risk & Compliance databases, clients can now:
-- Confirm the identities of public officials, their families, and
associates
-- Identify sanctioned individuals and entities
-- Identify companies or individuals with connection to state-owned
entities
-- Verify individuals convicted of corruption or linked to high-profile
crimes and corruption
-- Check hundreds of government sanction lists
-- Access accurate global lists of politically exposed persons, their
associates, and relatives.
Dow Jones' Head of Risk & Compliance, Rupert de Ruig added: "Dow Jones Risk & Compliance is quickly becoming the global standard for anti-corruption risk identification and our agreement with The Red Flag Group is a further extension of our global partner network. Compliance Desktop(R) is an exceptional example of how a market leading technology solution and highly structured risk identification data can be combined to provide high quality and cost effective 3rd party screening solution for the enterprise."
Notes for editors:
About The Red Flag Group
The Red Flag Group is one of the world's leading independent compliance advisory & technology firms. Its main goals include helping companies develop and maintain efficient and effective compliance programs, and provide ethics and compliance-related due diligence, investigations, and audits. It also provides tailored technology solutions to help legal and compliance professionals manage a range of ethics and compliance issues, from conflicts of interest, to dealing with gifts and hospitality, and customized and comprehensive online learning solutions for complex issues on global compliance. Headquartered in Hong Kong, it also has offices in Singapore, Sydney, Silicon Valley, London, and Dubai. For more information, go to http://www.redflaggroup.com
About Dow Jones
Dow Jones & Company (http://www.dowjones.com ) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; http://www.newscorp.com ) and a leading provider of global news and business information. Its principal products include The Wall Street Journal, Dow Jones Newswires, Dow Jones Factiva, Barron's and MarketWatch. Through its Local Media Group, Dow Jones operates community-based newspapers and Web sites. Dow Jones also provides news content to television and radio stations.
About Dow Jones Risk & Compliance
Dow Jones Risk & Compliance helps clients reduce exposure to regulatory, financial and reputation risk. Dow Jones Anti-Corruption is a global database of state-owned companies, senior public officials and other entities and individuals posing a higher risk of corruption that allows clients to perform robust due diligence on potential customers, agents and other third parties. Dow Jones Watchlist is an industry leading Know Your Customer data solution offering the best possible protection from risk, whilst significantly minimizing false positives. It offers highly accurate and comprehensive profiles of Politically Exposed Persons; their relatives and close associates; government sanctioned individuals and entities; and high profile criminals.
For media enquiries, please contact:
Jenna Kim, Director of Marketing
Tel: +852-3185-0700
Email: [email protected]
SOURCE The Red Flag Group
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