If so, the requirements of the “Sapin 2 Law” apply to you. The Sapin II law introduced a legal requirement regarding the fight against fraud, corruption and money laundering. In light of this, your company is obliged to implement the 8 risk-management measures recommended by the French Anti-corruption Agency, in particular measure n°4 pertaining to the evaluation of stakeholders, since June 2017.
URIOS – BEIC has developed expertise to support companies that are subject to this law, providing you with support to assess opportunities and threats related to your business environment and to reduce your risks of non-compliance.
The Sapin 2 law in France requires you to implement procedures to evaluate your third parties – clients, suppliers, co-contractors and sub-contractors – in order to ensure that the latter have sufficient guarantees in terms of integrity.
To do this, for each company, you must identify its main directors (CEO, managing directors, top management…), its direct shareholders and its beneficial owners holding more than 25% of capital.
URIOS – BEIC, a strategic information specialist, supports you with this evaluation of your stakeholders. We help you to reduce your reputational, legal, financial and strategic risks.
Our solution for Compliance with the Sapin 2 law is organized in three phases:
Evaluation of an isolated third party can be conducted concurrently with a credit investigation.