About the New Transaction Verification Requirement
On 1 January 2017, the FSC Board of Directors approved revised FSC chain-of-custody standards FSC-STD-40-004 V3-0 and FSC-STD-20-011 V4-0. The revised standards will become effective on 1 April 2017.
- Who pays transaction verification costs?
- Are forest-management certificate holders affected by transaction verification?
- Are transaction verification requirements the same everywhere in the world?
- What happens if a certificate holder refuses to provide transaction data to their certification body?
- What are the consequences for uncertified businesses that are found making false and/or inaccurate claims?
- What are the consequences for certificate holders if they are found making false and/or inaccurate claims?
- What is the difference between false claims, inaccurate claims, and fraud?
- How will sampling of transactions be conducted?
- What is the role of certification bodies in transaction verification?
- What information must be provided to fulfil the transaction verification requirement?
- What is the difference between transaction verification and the Online Claims Platform (OCP)?
- How are supply chain integrity measures being introduced in the FSC system?
- How is risk going to be defined?
- Has the risk-based approach been dropped?