GCSG launches new country risk profiles

Global Compliance Solutions Group LLC (GCSG) launches new country compliance risk profiles

GCSG distributes Vietnam, their inaugural country compliance risk profile – our risk profiles provide business, compliance, and risk professionals with a snapshot of relevant governance, trade compliance, and anti-bribery and corruption risks

PRAIRIEVILLE, LA – GCSG, a professional compliance management consulting company, today announces the launch of our new country compliance risk profiles (“risk profiles”).  The risk profiles are intended for business, compliance and risk professionals concerned with governance, trade compliance, and anti-bribery and corruption compliance risks in countries in which they do business.  Our first profile, being launched today is for Vietnam.   

In today’s global compliance environment, it can seem like an impossible task for business, compliance, and risk professionals to stay up to date with all the changes.  Amid this fast-paced environment and the recent trade wars some companies are looking to diversify their supply chains and others to grow through acquisition.  We deliberated how we could bring additional value for companies in these situations and decided on a free standardized country-level risk profile.  This approach will enable users to access our in-house and global partner network knowledge without having to formally engage us.  And then, as needed we can provide direct client support with our international advisory, audit and due diligence products and services,” said Jonathan Mellard, Founder, GCSG.

Each risk profile is designed to provide a snapshot of a targeted set of compliance risks within each country to assist the user with understanding the risks in that country as they look to diversify their supply chains, acquire a new business, or improve their knowledge of a country they currently operate within. 

Each risk profile provides a concise view of relevant legislation, risks, and the current environment.  Some risk profiles are drafted solely in-house and others are drafted in collaboration with our global network.  Every risk profile incorporates a risk ranking for each category and for the country overall.  The risk ranking is determined using our proprietary country risk-scoring tool that analyzes a combination of publicly available factors and then calculates and assigns a score for potential risk at the country level.        

We are excited to build on our client focused services with the launch of our free country compliance risk profiles because we believe they will bring value to the user,” added Mellard. 

Interested parties should periodically check our country risk profiles web page as we continue, over time, to add more profiles.

Access our Vietnam country compliance risk profile: http://www.globalcompliancesg.com/s/Vietnam-Country-Risk-Profile-njg4.pdf

Access our country risk profiles web page: http://www.globalcompliancesg.com/country-risk-profiles

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Global Compliance Solutions Group LLC

Global Compliance Solutions Group LLC (GCSG) is headquartered in Louisiana, USA.  We provide international Advisory, Audit, and Due Diligence products and services wherever our clients are located across a range of industries in the areas of Anti-Bribery and Corruption, Import, Export, and Customs Compliance, Drug Precursor, and Distilled Spirts Plant Compliance. We reduce risk and help protect our client’s business by guiding and partnering with them to solve challenging compliance issues. 

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OFPP Issues Draft Guidance on Anti-Trafficking Risk Management Best Practices & Mitigation

On Thursday, December 8, 2016 the Office of Federal Procurement Policy (OFPP) issued a notice and request for comment (81 FR 88707) on a draft guidance document entitled "Anti-Trafficking Risk Management Best Practices & Mitigation Considerations".  The guidance was drafted with the assistance of the Office to Monitor and Combat Trafficking in Persons in the Department of State (DOS) and the Department of Labor (DOL).  The guidance is intended to help agencies determine if one of their contractors is taking adequate steps to meet their anti-trafficking responsibilities under the Federal Acquisition Regulation (FAR).

Executive Order 13627 (September 25, 2012) and Title XVII of the National Defense Authorization Act (NDAA) (FY2013) established requirements for government contracts to prevent trafficking in persons.  As a result, the Department of Defense (DoD), General Services Administration (GSA), and the National Aeronautics and Space Administration (NASA) published a final rule (80 FR 4967-4992) on January 1, 2015 which amended the FAR in order to implement the requirements. 

The guidance memo states "Contractors are expected to be committed, proactive, and forthcoming in their efforts to address and reduce the risk of human trafficking in their operations and supply chains" and identifies a best practices list. 

The best practices list does not change existing regulatory requirements.  But it is noted that a contractor's efforts to "adopt best practices may be appropriately considered as a mitigating circumstance".  The best practice list includes the following:

  1. Contractor Internal Steps
    • Appointment of an accountable official
    • Implementation of a Code of conduct and policies that address trafficking
    • Implementation of a worker training program for all employees
    • Implementation of a whistleblower protection mechanism
    • Development of a compliance plan for contracts or portions of contracts performed overseas in excess of $500,000
  2. External steps
    • Company has taken steps to map out supplier relationships in its supply chain and utilized risk screening tools or procedures to identify high risk portions of its supply chain
    • Dissemination of a code of conduct throughout its supply chain
    • Validation of protections with its subcontractors
    • Implemented recurring auditing processes and regular updates to its policies and procedures
    • Demonstrated targeted corrective action plans for addressing risks, monitoring progress, direct monitoring, and follow-up audits for sites identified as non-conforming

Key Date(s):  Comments should be submitted in writing on or before January 9, 2017 via email (OFPPData@omb.eop.gov) or facsimile (202-395-5105).  Cite "Proposed Memo on Anti-Trafficking" in all correspondence.