In recent years, there has been a surge of new regulations that present information about supply chains and encourage good corporate behaviour. These include regulations covering human trafficking and the use of conflict minerals.
Businesses across the world are at risk for corruption in their supply chains with a number of countries enacting regulations to help combat corruption and drive sustainable, positive business practices. With the introduction of the EU Conflict Mineral Regulation and UK Modern Slavery Act of 2015, companies across Europe will need to implement procedures and make disclosures about their regulatory compliance.
The question becomes, what can be done to improve current risks that exist in supply chains and make businesses at the forefront of accelerating progress and solutions to address this issue?
The member firms of Crowe Horwath International can help. With proven regulatory and industry expertise combined with customized technology to design and implement an efficient and effective compliance program, our member firms’ holistic approach can enhance your visibility, prioritize key risks, and provide a clear road map to regulatory compliance and revenue protection.