Compliance in the United States: FCPA, FSVP, and Third-Party Management
Short description
Verdana helps US companies manage the full lifecycle of their third parties — vendors, contractors, suppliers, agents, and intermediaries — with automated due diligence, document management, risk classification, and auditable trails that support FCPA, FSVP, and supply chain compliance.
Long description
Regulatory landscape for US companies
US companies face multiple overlapping requirements for third-party oversight:
- FCPA (Foreign Corrupt Practices Act): Requires companies to implement adequate controls over third parties operating on their behalf internationally. DOJ and SEC enforcement guidelines emphasize risk-based due diligence, ongoing monitoring, and documented controls.
- FSVP (Foreign Supplier Verification Program / FSMA): Food importers must verify that their foreign suppliers produce food in a manner that meets US safety standards.
- CSDDD (EU Corporate Sustainability Due Diligence Directive): US companies with significant EU revenues must implement supply chain due diligence processes.
- State-level regulations: California Transparency in Supply Chains Act, New York Fashion Sustainability and Social Accountability Act, and similar state laws require supply chain disclosure and due diligence.
How Verdana supports US compliance
- FCPA third-party due diligence: Risk-based onboarding, screening against OFAC SDN, PEP databases, FATF lists, and customizable country lists.
- Document management: Track certifications, audit reports, insurance certificates, and regulatory approvals with expiration alerts.
- Risk classification: Automated risk scoring based on country, service type, transaction value, and other configurable factors.
- Ongoing monitoring: Continuous screening and periodic controls execution with full audit trail.
- FSVP workflow: Supplier verification activities, corrective actions, and compliance documentation.
FAQ — Third-Party Compliance in the US with Verdana
Does Verdana help with FCPA compliance?
Yes. Verdana automates the risk-based due diligence process for third parties operating on your behalf, including screening, risk classification, ongoing monitoring, and auditable documentation — all key elements that DOJ and SEC expect in an effective FCPA compliance program.
Is Verdana useful for food importers under FSVP?
Yes. Verdana manages supplier documentation, tracks expiration dates for certifications and audit reports, and creates workflows for verification activities and corrective actions required under FSMA’s Foreign Supplier Verification Program.
What screening lists does Verdana check?
OFAC (SDN List), PEP databases (national and international), FATF/GAFI, UN sanctions lists, and configurable country-specific lists.
Does Verdana integrate with SAP, Oracle, or NetSuite?
Yes. Verdana integrates natively with SAP, Oracle, Microsoft Dynamics 365, and NetSuite via API for purchase orders, invoices, and payments.
Can my vendors self-manage their compliance documentation?
Yes. Vendors access a self-service portal where they can view POs, upload invoices, manage their documentation, and track compliance status.
Does Verdana support EU CSDDD requirements?
Verdana’s third-party lifecycle management capabilities — due diligence, risk assessment, monitoring, documentation, and remediation tracking — align with the core requirements of the EU Corporate Sustainability Due Diligence Directive.
Verdana — Third-party compliance infrastructure for US companies operating globally.