ANNAPOLIS, Md. and SINGAPORE, Oct. 21, 2014 /PRNewswire/ — TRACE, a globally recognized anti-bribery and due diligence organization, and the Association of Aerospace Industries (Singapore) have signed an agreement to promote internationally accepted due diligence standards to the aerospace industry. The partnership will allow AAIS to provide its members with exclusive access to TRACEcertification, the only due diligence review that allows third parties to own their verified compliance information. "Since it was founded over a decade ago, TRACE has been actively engaged with the aerospace industry in the U.S. and abroad," said Alexandra Wrage, president of TRACE. "We’re pleased to partner with AAIS to provide TRACEcertification and training as a means to support their compliance efforts."
The agreement between TRACE and AAIS, a non-profit organization dedicated to promoting competitiveness within the aerospace industry in Singapore, demonstrates that AAIS encourages its member companies to work with TRACE on the TRACEcertification process.
"TRACE sets the bar for global compliance standards and we’re pleased to be in partnership with them," said Kenneth Ang, Chief Executive of AAIS. "To boost our members’ new business efforts, we believe that TRACEcertification can give TRACE Certified AAIS members a competitive advantage. It’s a point of differentiation in the marketplace and aligns well with the aerospace industry’s continuous efforts to improve in their compliance practices."
In the past 12 months, TRACE’s global reach has expanded significantly, with new business partnerships in Turkey, Ghana, Hungary, Zambia and Libya, as well as a new on-the-ground presence in Dubai, Manila and New Delhi. The growing network of TRACE offices and professional partnerships enables TRACE to better address the heightened need for anti-bribery compliance services worldwide.
TRACE provides an end-to-end, cost-effective and practical solution for anti-bribery and third party compliance. TRACE International is a leading anti-bribery business association that pools resources to provide members with technology-enabled compliance tools and an expansive knowledge center. TRACE members include hundreds of multinational corporations, as well as thousands of small and medium-sized enterprises throughout the world. TRACE International works with TRACE Incorporated to offer both members and non-members customizable risk-based due diligence, training and advisory services. With a shared mission to advance commercial transparency, TRACE International and TRACE Incorporated provide companies with one complete anti-bribery and third party compliance solution.
For more information, visit www.TRACEinternational.org.
About the Association of Aerospace Industries
The Association of Aerospace Industries (Singapore) or "AAIS", a non-profit organization, is a leading industry association dedicated to promoting competitiveness within the Singapore aerospace industry. It represents organizations from the Maintenance, Repair and Overhaul (MRO), Aerospace Manufacturing, Research and Development / Training sectors and suppliers for civil air transport and aerospace defense.
Working with government agencies, AAIS aims to assist aerospace organizations in growing existing businesses and developing new businesses/partnerships regionally and globally by facilitating strategies in innovation, competitiveness, technical standards and accreditation.
For more information, visit http://www.aais.org.sg/home.