TRACE Publishes Updated Guidance on Third Party Due Diligence

ANNAPOLIS, Md., Sept. 16 /PRNewswire/ --TRACE announces the publication of its updated due diligence manual, The TRACE Due Diligence Guidebook: Doing Business with Intermediaries Internationally.  The original Guidebook, published in 2002 as the TRACE Standard, represented the first comprehensive benchmarking  research of its kind.  With this updated version, TRACE continues to provide multinational companies with practical, step-by-step advice on how to select intermediaries, how to assess categories of risk, what types of information to collect during the due diligence process, and how to manage third-party relationships.  The levels of due diligence described correspond to the due diligence services offered by TRACE: TRACEcheck, the TRACEstandard, TRACEreview and TRACE's newest offering, TRACEselect.  The Guidebook is publicly available on the TRACE website: www.traceinternational.org.

TRACE 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 provides several core services and products, including: due diligence reports on commercial intermediaries; model compliance policies; an online Resource Center with foreign local law summaries, including guidelines on gifts and hospitality; in-person and online anti-bribery training; and research on corporate best practices.

SOURCE TRACE