Statement on Russia and Belarus Sanctions related to Ukraine

Scherzer International Corporation

Scherzer International Corporation (SI) provides specialized background reports for a variety of purposes, including due diligence for business transactions and employment screening. SI always strives to work to the highest professional standards and comply with all laws, regulations, and rules relevant to its business. Among its compliance programs, SI implemented a Sanctions Compliance Program (SCP) that follows the guidelines for an SCP provided by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the federal agency tasked with the regulation and enforcement of trade and economic sanctions.

Beginning on February 24, 2022, OFAC and the U.S. Department of State imposed several successive waves of economic sanctions on Russia following the Russian invasion of Ukraine. On March 2, 2022, the U.S. Commerce Department imposed on Belarus the stringent export controls made effective on Russia in response to Belarus’s substantial enabling of Russia’s further invasion of Ukraine.

SI does not conduct business with the governments of Russia or Belarus, nor with companies located within either country.

Until further notice, SI is pausing all work for background reports that may involve in-country record searches in Russia or Belarus. Database searches, all of which are performed by our employees in the United States, will not be affected. SI will continue to review all its vendors including database suppliers, technology service providers, and software service providers to ensure compliance with sanctions imposed on Russia and Belarus.