ST&R assists companies in complying with recent changes to the forced labor laws by implementing due diligence, risk management/assessment, and remediation strategies. We utilize any existing company CSR and CBP resources, which ensures our approach is efficient, less costly, and rapidly implemented.
Due diligence strategies include updating or creating audit procedures and questions; corporate policy documents such as Compliance Manuals and Vendor Manuals; vendor agreements and related documents; and training materials. We also inform the corporate Legal, Procurement, and CSR departments to ensure all relevant personnel understand the ramifications of the new laws.
Our risk assessment and monitoring strategies include reviewing and monitoring company ACE data relative to locations and entities that have been the focus of CBP, Department of State, Department of Labor, NGOs, and the media.
Through our remediation strategies, we work with companies to develop an action plan if North Korean labor is found in their supply chain and/or goods are detained at the border.
- May 30, 2018