Trustnet.Trade® – The Widget explained

The Trustnet.Trade® widget is a real-time compliance status indicator that can be embedded on a customer’s website. The widget displays information related to four key areas of compliance: sanctions screening, adverse media and PEP because of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations, Supply Chain Due Diligence, and local audit on social due diligence […]

Germany’s new measures to keep both ends of supply chains safe

The German “Lieferkettensorgfaltspflichtengesetz” (Supply Chain Due Diligence Act) is a law that took effect on January 1st, 2023. The law requires companies in Germany with over 3,000 employees to implement a due diligence system for their global supply chains. In January 2024, companies with more than 1,000 workers must comply with this law also. The […]

437 Questions: BAFA Questionnaire – A “bureaucratic monster“?

The information sheet “Questionnaire for reporting according to § 10 (2) LkSG of the BAFA” was recently introduced to help companies that fall under the scope of the German Supply Chain Due Diligence Act complete their reporting obligations in a timely and efficient manner. However, many have criticised it for being a “bureaucratic monster.” If […]