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From the Graebel Newsroom.


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June 18, 2009


Aurora, CO) This week, Graebel Movers International, Inc. announced TRACE certified its membership again for the second consecutive year.  TRACE first certified membership in 2008 following an extensive background review of the Graebel anti-corruption practices and anti-bribery policy.  TRACE, a non-profit membership association, was founded by private-sector anti-bribery practitioners to achieve economies of scale and set a common standard for two shared elements of anti-bribery compliance: due diligence reviews and anti-bribery training for business intermediaries.   As a TRACE member Graebel commits to a high level of transparency in its commercial, multinational businesses. This full-disclosure or transparency includes pricing for services, and is unique in the relocation industry. 


Also this week, Graebel released, “Ensuring Relocations – Free from Corruption”, in its ongoing series of white papers, case studies and best practice documents.  Available as a free download at the Company’s media center on, this paper examines how to identify risk and address potential issues, including examples of harsh fines lodged against companies around the world. 


Bribery scandals and a proliferation of anti-bribery laws have caused multinational companies to be more sensitive to the commercial ethics of their intermediaries. Since 1998, more than thirty new anti-bribery laws have been enacted to implement the OECD Convention to Combat Bribery. The new laws typically state that a business will be liable for the corrupt acts and/or the improper payments made by an intermediary if management knew or should have known that a particular intermediary was likely to make an inappropriate payment. Thus, companies are required to conduct sufficient due diligence on prospective intermediaries to ensure that they are committed to ethical business practices regardless of business pressure, local law or custom. Anti-bribery laws, however, are deliberately vague on the issue of sufficient due diligence. 


Graebel sought out TRACE to ensure that its employees and intermediaries understand what is and is not permissible under national anti-bribery laws and international conventions through a range of services:  Initial due diligence reports of intermediaries for companies contemplating a relationship (and annual updates thereafter) and training for employees and intermediaries in locations around the world.  No organization can guarantee its members ethics; however, TRACE membership ensures that the right questions have been asked, that a single rigorous standard has been applied and that a company's own high standards have been communicated throughout its service chain.



As a member, Graebel will receive detailed company profiles covering ownership curricula vitae, financial information and business references.  Graebel will also receive and make available to clients, as requested, TRACE Country Bulletins, Gifts and Hospitality Guidelines.  These summaries of local legal issues identify local restrictions, if any, on the value of gifts and meals that can be provided to local government officials, and questions and issues that should be raised with local counsel before working with commercial intermediaries overseas. 

According to Graebel Movers International president, Jim Petzel, “TRACE maintains extensive due diligence files on its member intermediaries and saved our organization an incredible amount of due diligence time and expense.  In today’s global economy and fast-paced business, TRACE provides a practical and cost effective solution to the burden of anti-bribery compliance.  Additionally, Graebel is an honor bound organization.  Our clients are among the most recognized in the global 100 and expect and deserve highest quality, dependable relocation services.“

The TRACE due diligence review process is based on best practices benchmarking surveys of numerous international corporations, guidelines from the U.S. Department of Justice and case law. TRACE member intermediaries are essentially pre-vetted commercial partners for multinational companies.  TRACE memberships are reviewed annually. 


About TRACE   (

TRACE is a non-profit membership association that specializes in anti-bribery due diligence reviews and compliance training for international commercial intermediaries (sales agents and representatives, consultants, distributors, suppliers, etc.). TRACE member intermediaries are "pre-vetted" partners for multinational companies seeking to do business with entities that share their commitment to transparent business practices. 



About Graebel Companies, Inc. (

Graebel is a global relocation company that provides full relocation management services, domestic U.S. and international moving and storage services, international freight forwarding, move management and commercial workplace services. Integrated relocation divisions include Graebel Relocation Services Worldwide, Inc., Graebel Movers International, Inc., Graebel Commercial Services, Inc., Graebel Van Lines, Inc., Graebel Movers, Inc., and Move Management, Inc. The Graebel Companies, Inc. World Headquarters is located in Denver, Colorado. Founded in 1950, Graebel is a privately owned, wholly owned relocation company with proprietary technology, processes, and employs an extensively background-checked and trained employee workforce.


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