Our office in Mozambique has renewed TRACE certification, a comprehensive due diligence review that meets international compliance standards and demonstrates our commitment to commercial transparency and the fight against fraud and corruption in business.
TRACE is an international organization, which provides companies with anti-bribery resources and tools and advocates for transparency of international trade.
Obtaining TRACE certification means that our colleagues in the office of Mozambique have completed internationally accepted due diligence procedures and have been forthcoming and cooperative during the review process. TRACE Certified companies are pre-vetted and trained partners for multinational companies seeking to do business with suppliers, agents and consultants who share their commitment to commercial transparency.
Check here for the TRACE certification of all our TIBA offices!
TRACE is a globally recognized anti-bribery business organization and leading provider of third party risk management solutions. Its main objective is to raise anti-bribery compliance and due diligence standards while reducing the cost of compliance for multinational companies and their business partners.
Through different partnerships and initiatives, TRACE works with select industries to reduce corruption. TIBA Mozambique were introduced to TRACE through their “Shipping and Maritime Initiative” which was born as a response to the demand by shipping companies, agents and freight forwarders for assistance and advice in the fight against corruption in ports. This sector is among the 5 industries with the highest demand for TRACE certification:
- Aerospace defense security.
- Engineering construction.
- Logistics/freight forwarding.
TRACE certification provides the assurance that partners have completed the due diligence gold standard and demonstrates their commitment to commercial transparency. It is a valuable credential and marketing tool for a company, independent of its relationship with any one multinational company, and is internationally recognized in the business world.