Tag - due diligence

food fraud

Uncovering Food Fraud by Optimizing Due Diligence

Food fraud is not a new issue in the food industry. This unethical practice is intricately complex, encompassing deliberate actions aimed at deceiving consumers or gaining undue economic benefits through food manipulation. This includes contaminating food materials, substituting raw ingredients, falsifying labels, manipulating production processes, certification fraud, and fraud within...

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eudr due diligence

The EU Deforestation Regulation (EUDR) and the need for extensive due diligence

To protect the impact of the EU market on worldwide deforestation and forest degradation, the European Union approved a new legislation on 19 April 2023.  Known as the EU Deforestation Regulation ("EUDR"), it requires operators and traders dealing in certain goods and their derivatives from seven specific commodities (cattle, cocoa, coffee,...

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Compliance, the key requirement for building a clean and sustainable business

Compliance refers to the adherence to rules, regulations, policies, and applicable standards. In the context of business, it entails the organization's or entity's adherence to legal requirements, government regulations, internal organizational rules, and relevant ethical standards.  According to Mr. Buntoro, an Inspector from the Financial and Development Supervisory Agency (BPKP) of...

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