TRACE Expands Global Compliance Network With New Partnerships In Ghana, Turkey And Hungary

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Jun 19, 2014, 10:10 ET

ANNAPOLIS, Md., June 19, 2014 /PRNewswire/ -- TRACE International, the global anti-bribery association that works with multinational companies to enhance transparency and compliance in business, continues to expand its worldwide presence with new partnerships announced in Ghana, Turkey and Hungary.

"TRACE is making significant strides toward achieving a global standard for third party due diligence and anti-bribery compliance," said Alexandra Wrage, President of TRACE. "An increasing number of multinational organizations and governments see that their shareholders and constituents are demanding greater transparency."

The latest organizations to partner with TRACE are:

CommerceGhana (via AfricaBusinessPortal.com), an organization committed to facilitating investment in Ghana;
EuCham CEE (eucham.eu), a private, non-governmental institution working to enhance the business environment for companies operating in Europe; and
Ethics and Reputation Society, or TEID (teid.org), a nonprofit organization dedicated to building a robust and ethical business culture in Turkey.

"These three organizations are taking the lead in promoting anti-bribery compliance and due diligence and working with TRACE to provide their members with access to widely benchmarked best practices and due diligence tools," said Virna Di Palma, Senior Director of Global Strategy and Communications for TRACE.

In the past 12 months, TRACE's global footprint has expanded significantly, with a new on-the-ground presence in Dubai, Manila and New Delhi and new partnerships established with American Chambers of Commerce in Zambia and Libya and the Makati Business Club in the Philippines.

About TRACE

TRACE International is a non-profit membership association that pools resources to provide practical and cost-effective anti-bribery compliance solutions for multinational companies and their commercial intermediaries. TRACE Membership offers a cost-effective alternative to increasingly expensive and time-consuming corporate compliance. Founded in 2001, TRACE International is now one of the world's leading non-profit organizations dedicated to anti-bribery compliance with hundreds of Corporate Members and thousands of Intermediary Members around the world. TRACE International works with TRACE Incorporated to offer both members and non-members customizable risk-based due diligence, training and advisory services. With a shared mission to advance commercial transparency, TRACE International and TRACE Incorporated provide companies with one complete anti-bribery and third party compliance solution.

SOURCE TRACE