ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

U.S. Department of Labor Selects Sayari to Combat Forced Labor

Bureau of International Labor Affairs to deploy Sayari Graph for import regulation

Sayari, a supply chain and counterparty risk intelligence company, has been selected by the U.S. Department of Labor (DOL) Bureau of International Labor Affairs (ILAB) as a key partner in efforts to mitigate the use of forced labor through import regulation. After a competitive evaluation process, ILAB has chosen Sayari Graph to uncover forced labor risk in supply chains and corporate networks.

The department joins U.S. Customs and Border Protection (CBP) as the second member of the Forced Labor Enforcement Task Force (FLETF) to select Sayari as a partner in forced labor mitigation. Led by the U.S. Department of Homeland Security, FLETF is comprised of seven member agencies dedicated to ensuring that no goods made wholly or in part with forced labor are imported into the United States. As a key member of the FLETF, DOL will continue to prioritize its requirements to further expand the Uyghur Forced Labor Prevention Act (UFLPA) list.

“We are proud to partner with DOL to investigate suspected ties to forced labor,” said Farley Mesko, Sayari CEO and co-founder. “The level of visibility Sayari enables into complex supply chains at a time of increasing regulatory concern is unparalleled and will empower DOL to deny entities that engage in forced labor access to the U.S. economy.”

In September 2022, Sayari was awarded a $7.8 million enterprise contract from CBP to support mitigation of ongoing global supply chain risks. CBP trade enforcement and investigation teams use Sayari Graph to access commercial and risk data, including trade data from 65+ reporting countries, that help illuminate supply chains, identify deep sub-tier counterparty risk, and ensure major corporations comply with import regulations, including the UFLPA.

About Sayari

Sayari provides global corporate transparency and supply chain risk identification for government and industry. Its commercial risk intelligence software harvests comprehensive corporate and trade data from more than 250 jurisdictions worldwide and surfaces previously hidden risk insights in an intuitive network analysis platform.

Since its founding in 2015, Sayari has earned the trust of top financial institutions, Fortune 100 corporations, and government agencies, securing a $40M Series C in 2021. Sayari is headquartered in Washington, D.C., and its solutions are used by thousands of frontline analysts in 35 countries.

To learn how Sayari powers safer global commerce, please visit sayari.com.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.