The Red Flag Group Signs Agreement
with Dow Jones Risk & Compliance
<!-- title end -->
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. 28 /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®
Technology Platform.
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® 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® 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:
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® 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
<!-- content end -->