Universal Weather and Aviation, Inc. (exhibit #363) announced at EBACE2013 that it is now working with TRACE, the global leader in innovative anti-bribery due diligence and compliance solutions. Working with TRACE is part of ongoing efforts by Universal® to help further reduce its clients’ risk of a potential anti-bribery and compliance violation.
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Universal teams with TRACE to reduce clients’ compliance risk
1. Media Contact:
Louis Smyth
On-site at EBACE: (713) 306-3269
lsmyth@univ-wea.com
Universal teams with TRACE to reduce clients’ compliancerisk
Geneva (May 20, 2013) – Universal Weather and Aviation, Inc. (exhibit #363) announced at
EBACE2013 that it is now working with TRACE,the global leader in innovative anti-bribery due
diligence and compliance solutions. Working with TRACE is part of ongoing efforts by
Universal®
to help further reduce its clients’ risk of apotential anti-bribery and compliance
violation.
“With increasing enforcement of anti-bribery and corruption violationson a global basis
andassociated multi-million dollar fines being assessed, our clients want assurance that the
companies and third-party suppliers they work with comply with all applicable compliance laws
and regulations,” said Bobby Butler, Senior Vice President and Chief Compliance Officer,
Universal®
. “TRACE provides a best-in-classsolution via its TRAC(TRACE Registered Access
Code) platform. TRACis already successfully used in other industries and we will use it to help
reduce potential risk and exposure for our clients.”
TRAC is TRACE’s global online platform that captures, assesses and shares baseline due
diligence information on organizations and individuals and issues universal ID numbers to
approved applicants.Universal®
and all of its Universal Aviationsm
worldwide ground support
locations have registered with TRAC. TRAC provides transparency and efficiency between
companies and their intermediaries and continually runs suppliers’ names against international
watch lists.
Pete Lewis, Senior Vice President, Global Partnership Management said that his team is now
working to have its thousands of global suppliers register with TRAC.
“TRAC further enhances the due diligence and vetting our Global Partnership Management
departmentalready does to ensure our suppliers meet critical standards for service, quality and
compliance,” said Lewis.“We’re working to make it easier for our clients by reducing the risk
associated with an increasing number of international business partners and business transactions
across borders. An additional benefit to TRAC is that is serves as a single baseline of due
diligence, which reduces the complexity associated with duplicative requests of compliance
proof from multiple partners. We encourage the entire business aviation industry to adopt TRAC
to provide greater transparency in the fight against bribery, corruption and other compliance
violations.”
For more information on TRAC, please visit Universal exhibit #363 or https://tracnumber.com.
2. About Universal Weather and Aviation, Inc.
At Universal®, our shared purpose is the success of your trip. Count on us to deliver what you
need to keep your guarantees to your organization. With 50+ years of experience in supporting
business aviation and more than 2.5 million trip legs facilitated, we have the knowledge and
expertise to help you get the job done. Our comprehensive resources include customized trip
support, convenience through the UVair® Fuel Program, worldwide ground support from
Universal Aviationsm, online flight planning, safety management, data link, scheduling software,
and more.
universalweather.com