Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Rogers Corporation, a global technology leader in engineered materials, has expanded its use of the Descartes MK Dynamic Screening™ solution to include Rogers' integration of acquisitions, to mitigate the risk of conducting business with parties that may be subject to trade restrictions.
"Part of Rogers' strategy for growth includes synergistic acquisitions and Descartes' denied party screening solution helps us assess the compliance history of acquired companies," explained Benjamin Buckley, Associate General Counsel & Director of Global Compliance and Integrity at Rogers Corporation. "Once acquisitions are integrated into the broader organization, they become subject to our corporate compliance practices. Descartes' solution is used to dynamically and regularly screen all of the acquisition's customer and vendor relationships to help mitigate the risk of transacting with sanctioned or restricted parties."
When acquiring or merging with a business, companies take on compliance requirements for the acquired entity. With Descartes MK Denied Party Screening™ solutions, companies can automatically screen customer, vendor, supplier and employee data against a comprehensive database of restricted parties based on lists maintained by government agencies and international organizations. Organizations of all sizes can tailor screening to fit unique risk parameters and flag potential issues for resolution. Descartes' solutions can also be integrated with other enterprise systems to streamline interdepartmental information sharing.
"We're pleased that our solution is an integral part of Rogers' global compliance practice," said Ken Harris, Head of Denied Party Screening at Descartes Systems Group. "While often overlooked, acquisitions possess additional compliance risk. Given penalties for non-compliance can include fines, revocation of export privileges and criminal charges, using denied party screening with acquisitions helps companies, like Rogers, minimize regulatory exposure."
About Rogers Corporation
Rogers Corporation (NYSE: ROG) is a global technology leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, Internet connectivity, advanced transportation and other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, vehicle electrification, and alternative energy; Elastomeric Material Solutions for sealing, vibration management, and impact protection in mobile devices, transportation interiors, and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety, and radar systems. Headquartered in Connecticut (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. For more information, visit www.rogerscorp.com.
More Info: https://www.descartes.com/documents/descartes-mk-denied-party-screening
