7/30/2019 09-11-12 IRD Strengthens Compliance with New TRAC Leadership Role

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IRD Strengthens Compliance with New TRAC Leadership Role

FOR IMMEDIATE RELEASE

SEPTEMBER 11, 2012

CONTACT: MELISSA PRICE

571-366-1596

PRESS@IRD-DC.ORG

ARLINGTON, VAInternational Relief and Development (IRD) is one of six new

members, and the first non-profit organization, to join the TRAC Leadership Group.TRAC,

orTRACERegistered Access Code, is an online, supply-chain, compliance and due

diligence system created by TRACE, a leader in corporate anti-bribery solutions.

The TRAC system collects information on organizations and individuals and issues ID

numbers to approved applicants. The 12-digit ID number quickly and costeffectively

establishes a TRAC holders identity, address, and other information and screens the

holders name against international watch lists. TRAC holders can upload key documents tothe TRAC online database to support their profile.

We are committed to transparency in our global operations, and TRAC will allow us to

quickly and reliably verify our partners online, said IRD Director of IT Mladen Basaric.

TRAC will strengthen our security and compliance operations and help ensure our donors

that their funds are being managed appropriately.

The TRAC Leadership Group includes multinational companies, such as Adobe, American

Airlines, and Home Depot, and international organizations like IRD. Each member

company has demonstrated a commitment to compliance and commercial transparency. In

addition, each Leadership Group member company has integrated TRAC into their

worldwide business operations and now encourages or requires their third parties to obtain a

TRAC ID number.

IRDis on the cutting edge of addressing international anti-bribery, business transparency,and due diligence issues, said Alexandra Wrage, President of TRACE. Before TRAC was

launched, companies struggled with cumbersome solutions for screening overseas suppliers,

including dealing with the huge variation in ID numbers from country to country, screening

against various government denied parties lists, and managing hundreds of false hits. TRAC

harmonizes these systems, verifies key information, and creates a robust, integrated

compliance solution. We applaud IRD for its commitment as a TRAC Leadership Group

member.

About TRACE and TRAC:

Headquartered in Annapolis, Maryland, TRACE develops cost-effective anti-bribery

compliance solutions for multinational companies and their commercial intermediaries,including sales agents and representatives, consultants, distributors, suppliers and others.

TRACE is committed to pragmatic alternatives to time-consuming and expensive corporate

compliance. In the process of providing anti-bribery services, TRACE identified a broader

need for a global system to identify and verify companies, partnerships, charities, and

individuals committed to commercial transparency by assigning a unique legal entity

identifier. TRACE owns and operates the TRAC system and reviews the information, but

the TRAC information is managed by the TRAC holder. More information about TRAC is

available atwww.tracnumber.com.

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About International Relief and Development (IRD):

IRD is a nonprofit, nongovernmental organization responsible for implementing relief,

stabilization, and development programs worldwide. IRD's mission is to reduce the

suffering of the world's most vulnerable groups and provide the tools and resources needed

to increase their self-sufficiency. Specializing in meeting the needs of communities

emerging from conflict or natural disaster, IRD partners with donors, local organizations,and many others to deliver sustainable services in agriculture, governance, health, and

infrastructure.

For more information on IRD, visitwww.ird.org, and visit theIRD Voices blogto read

first-hand accounts from IRD staff in the field. You can also stay up-to-date on IRDs latest

news by following us onFacebook, Twitter (@ird_voices),Flickr, orYouTube.

INTERNATIONAL RELIEF & DEVELOPMENT | 1621 NORTH KENT STREET, 4TH FLOOR | ARLINGTON, VA 22209

T 703.248.0161 | F703.248.0194 | WWW.IRD.ORG

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