Cerico is the trading name for Complete Electronic Risk Compliance Limited, a joint venture vehicle formed between Pinsent Masons LLP and IT consultancy Campbell Nash.
Cerico provides a technology platform that automates many of the supply chain compliance processes that companies need to have in place. The technology is designed to help businesses meet the challenges of regulatory compliance, including compliance with anti-bribery, money laundering, and health and safety law, and broader concepts of due diligence associated with "know your client", MTIC fraud prevention, export control and sanctions compliance, and business ethics.
Cerico's "Framework" represents a risk based approach to regulatory and risk compliance. The Framework's IT platform automates many existing manual risk processes and enables in-house legal, risk and financial teams to focus on areas of perceived high risk.
The Framework's novel approach shifts the substantial majority of the cost of supply chain compliance from the end user to the supply chain. Suppliers will pay a nominal, annually recurring, registration fee for uploading data to a due diligence and supplier certification portal. The system retains documentation securely and due diligence, certification and training are renewed on a pre-set basis.