PHOENIX, May 26, 2015 /PRNewswire/ -- Global integrity and compliance firm The Red Flag Group, together with its portfolio company Compliance Ventures, Inc, today releases the web-based subscription service for the IntegraWatch® Compliance Screening database. The website gives users the ability to subscribe to the IntegraWatch® database from anywhere in the world and from any device.
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The IntegraWatch® Compliance Screening database has been used by Global 2000 companies for many years as an essential screening solution as part of their FCPA and United Kingdom Bribery Act compliance programmes, supplier screening, and sanctions and export-control programmes.
The database of over 2.4 million profiles is updated daily by The Red Flag Group's team of experts, and includes information on companies and people and their integrity and compliance issues across 14 major risk areas. The profiles are researched and collected from the following sources:
- international sanctions lists of over 100 governments
- government watchlists and blacklists
- lists of government-owned enterprises
- lists of politically-exposed persons and key government employees engaged in purchasing equipment and services from the private sector
- companies and people that are ComplianceChallenged® after being involved in integrity and compliance issues in any of 14 major risk areas, including corruption, bribery, price fixing, export-control breaches, data-privacy breaches and human-rights violations.
The Red Flag Group's CEO David Youngson said, "The IntegraWatch® database is now being offered as a subscription service through IntegraWatch.com, in addition to our normal access through data feeds, APIs and our own ComplianceDesktop® | Anti-Corruption Compliance Platform. This will allow, for example, any company to quickly check whether a person or company that they are dealing with is sanctioned by their own or a foreign government, has been involved in previous compliance issues or is on a watchlist.
"Effective management of compliance and integrity risks is no longer just a concern of the largest companies -- there is now a growing need for risk management by companies of all sizes. The Red Flag Group and Compliance Ventures, Inc have teamed up to make compliance screening and prioritising third-party risks easier and more efficient for the broader market."
Scott Lane, Chairman of both The Red Flag Group and Compliance Ventures, Inc, said, "We're very proud to be introducing a subscription model to our key database which enables companies of any size to access essential information in a very easy way. It is becoming essential for companies to know who they are doing business with, and a subscription to IntegraWatch.com gives customers efficiency as well as intelligence when doing those checks."
With a selection of subscription packages to suit all budgets, users can be in complete control of how they invest their resources. Online access is instant, and there are no necessary downloads or maintenance. To learn more, or to subscribe, visit IntegraWatch.com.
Notes to editors:
The Red Flag Group is a global integrity and compliance risk firm. It produces a unique set of advice, technology and business-intelligence applications to manage the integrity and compliance risks of its customers. The Red Flag Group is a leader in screening and due diligence across a range of industries in 180 countries.
For more information, visit www.redflaggroup.com.
Compliance Ventures, Inc is an investment firm that invests in and builds businesses in the compliance industry. It invests in products and services that are designed to help chief compliance officers do their job better and allow smaller companies access to valuable integrity and compliance information without a hefty price tag.
For more information, visit www.complianceventures.com.