Most companies find it challenging to keep up with existing regulations such as the 2001 U.S. Patriot Act and other sanctions lists. In addition, new regulations are being added every day. (1200 in 2016 and 1500 in 2017)
Veritas™ continuously monitors suppliers against over 1,500 global governmental enforcement and sanctions sources with over 10 million records refreshed daily and is continuously enhanced with newly identified sources including SAM.gov, OFAC, US SEC, CIA, FBI, Homeland Security, Bank of England, United Nations 1267 Committee, OSFI, EU Terrorist, HM Treasury, Global Money Laundering Database, World Bank International Investment Disputes, International Court of Justice, Corrupt Government Officials Database, Interpol Most Wanted, FDIC, International War Crimes Tribunal, globally available SEC and Surveillance Commissions, Indonesian Capital Market Supervisory Agency, UK FSA and Lloyds of London.
GRMS can also assist companies with compliance for U.S. regulations such as Conflict Minerals Compliance Certifications and The California Transparency in Supply Chains Act of 2010 (SB 657) as well as international governmental laws such as the UK Modern Slavery Act 2015, REACH Compliance Certification and RoHS Compliance Certification.