Learn how UNESCO maintained donor confidence by strengthening its due diligence policy.
Because of its diverse range of activities, UNESCO has relationships with a huge number of companies and organisations around the world. Donors are naturally keen that money they voluntarily donate does not go to support terrorism or any organisation banned from doing business with the UN. Manually checking current and potential suppliers against publicly available online sources, as well as UN and World Bank lists can be extremely difficult, time-consuming and often frustrating.
Using Accuity’s Firco Compliance Link solution, UNESCO is able to fully screen potential suppliers, using a single process to check against the UN, World Bank, EU and OFAC sanctions lists.
In this case study, learn further how Firco Compliance Link helped UNESCO to:
- Automate screening, greatly reducing the amount of time and resources devoted to checking suppliers’ credentials.
- Implement a full audit trail of screening to able to review and justify past decisions and demonstrate a robust screening process.
- Only have to investigate “red flag” incidents and UNESCO is able to set its own risk profile to help minimise false positive matches.