Whether you are investigating fraud, pursuing a court case, enforcing a judgment or settling an insurance claim, financial investigation is vital. Using online research techniques without setting off any alarm bells will enable you to get the answers you need.
Financial investigations are an important tool in the fight against 사람찾기흥신소 serious and organised crime, helping investigators uncover criminal activity and map out complex financial networks with a view to confiscating assets.
Hidden Assets
Hidden assets include money that is not present on a regular balance sheet or are concealed in other ways. Examples of hidden assets can be natural resource reserves, off-balance-sheet investment holdings and brand equities that aren’t listed on a company’s financial statements.
People hide assets to avoid paying taxes, get out of a legal dispute, or protect themselves from creditors. Hiding assets is often unethical and illegal and can have serious consequences. Asset investigations can be conducted to discover these hidden assets. We check tax records, bank and credit card accounts, investments and insurance policies as well as email & text messages to find hidden assets.
CSI-Secure Solutions frequently investigates these cases, especially among couples who are getting divorced or trying to settle alimony and child support issues. These cases involve individuals who move money into multiple accounts to hide it from their spouses. These investigations can reveal these funds and help the courts make a fair judgment in these cases.
Similarly, businesses sometimes try to conceal their value by hiding assets or transferring them into other companies. These actions are a violation of accounting standards and can affect the credibility of a business. Investing in a company that has hidden assets can be risky and could lead to fraud, litigation, or bankruptcy. This is why it’s important for businesses to conduct asset searches as part of the due diligence process.
Money Owed
In some cases, those who are owed money may attempt to hide their assets to avoid paying their debts. Our professionals can conduct what is known as an asset search to locate financial or physical assets of individuals and/or corporations. These searches can be conducted on the Internet, phone, and other public records.
A professional investigator can also perform an investigative audit of a business’s accounting records to find any suspicious activity that may be occurring within the company’s record-keeping system. These audits can reveal discrepancies that could be used to embezzle or commit fraud, and they provide a valuable tool for companies seeking to prevent future losses.
The 2021 EU Strategy to tackle organised crime urged countries to systematically conduct financial investigations in organised crime and serious crime cases, as these enquiries are critical to developing evidence against sophisticated high-level criminals and dismantling criminal networks. However, despite the importance of this task, there is insufficient capacity in law enforcement to implement financial investigations on a consistent basis.
TIN can assist by conducting an investigative audit of financial or non-financial assets of individuals and entities, which is commonly conducted prior to filing a civil lawsuit. This type of investigation includes locating and verifying the value of financial assets as well as research on liens, judgements, bankruptcy filings, unclaimed property, and other related information.
Fraud or Identity Theft
When someone steals your identity, they can use it to make purchases or commit fraud. They can even use it to launder money or hide assets. This is a very serious crime and can cost companies major losses every year. A financial investigation firm can help you get your money back or find those responsible.
When looking for hidden assets, investigators take a wide range of things into account. They consider private and commercial property, whether domestic or offshore, art, jewellery, vehicles, and other physical items. They also look at investments, trusts, pensions, shares, bank accounts, and other financial transactions. Investigators use various techniques, including transaction analysis, walkthroughs and systems review, third-party confirmation, physical checks and counting of assets.
The specialised process of asset and financial investigation looks at the value, ownership, and location of these assets. It can be used in divorce proceedings, criminal cases and insurance claims. The investigation may uncover discrepancies in documents such as bank statements, invoices and contracts that could indicate illegal activity.
It is important for companies to ensure that the people they work with are reliable and trustworthy. This can be achieved by carrying out thorough background checks and screenings of employees, suppliers and other business partners. This should include verification of identity, credit reports, criminal records and education qualifications.
Asset Recovery
As part of an investigation, it is common for investigators to seek out the assets that were misappropriated or stolen. This process can be complicated and time consuming, but it is essential to the integrity of the investigation. Investigators can work to recover assets from Ponzi schemes, investment scams, and corporate fraud. They can also help with estate disputes where beneficiaries allege misappropriation by trustees and executors.
Asset recovery can be a purely domestic process, or it can involve international cooperation to seize and confiscate assets. It requires a high degree of expertise and funds, as well as coordination and persistence. It can also raise complex policy issues about how returned assets are managed and used.
Assets recovered from criminals can be used for many purposes, including paying fines and compensation to victims, reinvesting the money into the community, or using it to fund law enforcement activities to reduce crime. However, it is important to remember that asset recovery is primarily a deterrent: people are less likely to engage in corrupt behaviour if they know they risk losing their money and possessions. The international community has recognised the importance of asset recovery, and it is included in the UN Convention against Corruption (UNCAC). The convention encourages countries to take measures to restrain, seize, confiscate, and return the proceeds of corruption.