Money laundering is a massive international problem, estimated to account for around $500bn per year.
It affects banking, the futures market, and other professional services such as accountants, solicitors, underwriters, stockbrokers, finance houses and building societies.
Wilsons Detectives private investigators Middle East is the lead investigator in discovering fraud, investigating fraud and recovering losses for those defrauded.
Client needing our services in October this year alone ‘Searched on the Internet for these key phrases and found Wilsons Detectives:
Corporate & Private Investigators in Doha, Qatar
Investigators located in Abu Dhabi, United Arab Emirates
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Amman, Jordan Private Investigators
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Wilsons Detectives agencies are employed in money laundering investigations for governments around the Globe – especially wherever there are casinos.
In Africa, Asia and Mena that means:
Hong Kong (6)
North Korea (2)
Saudi Arabia (1)
South Korea (21)
Sri Lanka (9)
Money launderers have spread into casinos and other gambling outlets
They target businesses dealing with highly valuable, highly portable goods, such as antique dealers, jewelers and suppliers of designer goods
They’re to be found wherever large amounts of cash are transferred every day, such as airline ticket sales, travel agents and currency exchanges
And they abound on the internet, targeting any business operating only online and dependent on electronic payment of funds is vulnerable
So you want to avoid those hefty fines?
There is a wide market and a lot of activity.
So what can a business do itself in any of these sectors to mitigate the risk of getting exploited by money launderers, paying hefty fines even when it is a completely innocent party, and facing the real fear of loss of reputation and income? Wilsons Detectives in Africa, Asia and the Middle East are an indispensable asset in checking out the people and businesses you are thinking of dealing with
There are certain stages in the money laundering process that leave criminals particularly unprotected, and this is where companies need to be vigilant
One key area of vulnerability is when cash is actually entered into the financial system and then taken out again
British anti-money laundering law insists on companies reporting any suspicion of money laundering. Businesses have to “know their customers” and that is why they use private investigators in the Middle East and Africa –
Wilsons Detectives Group
Use Wilsons Detectives for background – Due diligence – communication monitoring – research ……………..and much more
Wilsons Detective is international and has 65 years of corporate experience
Enhanced due diligence by Wilsons Detectives is the answer, involving a series of exhaustive checks on who you are entering transaction with – it digs deeper into people’s backgrounds than ordinary due diligence
Enhanced due diligence is key with Wilsons Corporate Investigations Middle East
This approach is designed to reassure you that any potential partner, customer or staff member is not there to prey on your company but is the genuine article. It is also – just as importantly – a process that will prevent you from inadvertently breaking the ever tougher array of anti-money laundering laws built up by UK governments, particularly since the crash in 2008
Enhanced due diligence is key with Wilsons Corporate Investigations Africa
You cannot afford to be ignorant of any money laundering going on in your businesses – if you don’t know what is happening in your own patch, you’ll only have yourself to blame and the verdict in court will be “guilty”
Counter the fraudsters constant threat with IT / Cyber Security
Enhanced due diligence is key with Wilsons Corporate Investigations Asia
Wilsons Detectives Corporate Intelligence
Wilsons Detectives companies are constantly reviewing any enhanced due diligence techniques to stay abreast of fraudsters and their ability to master new technology
Do you have the time, knowledge and staffing capacity to keep up with the latest computing breakthroughs? Why not instruct
Wilsons Detectives Dubai office to take the strain
It’s time-consuming but essential if you are involved in large transactions, and meeting major partners remotely, not face-to-face.
If they are high risk, such as a politically exposed person (PEP), there is a significant chance of them getting sucked into criminal activity and bringing you down if you don’t keep close tabs on them
There is thus a strong argument for calling on the services of a corporate intelligence agency such as Wilsons Detectives
Think about Wilsons Investigations Group; with its strong reputation for due diligence work in the UK UAE and Overseas
Monitoring for money laundering never stops and private investigators Wilsons Detectives Dubai – Corporate & Private Investigators in Doha, Qatar
Enhanced due diligence consists of an exhaustive range of checks embracing additional documents, company history and company checks plus other measures to ensure key documents being used in a deal are the genuine article and no other agency but Wilsons Detectives can provide the necessary range of services and branch network
But once one set of tests has been carried out to your satisfaction, you have to continue monitoring your partners and the databases of PEPs, so you are fully aware of which customers are PEPs at any one time
You need to have considerable knowledge of your client or partner, such as any previous trading names. Wilsons has access to data that other detectives agencies in Africa, Asia and the Middle East
Do you know where they operate and, if outside your home jurisdiction, what is that country’s anti-money laundering policy?
Is bribery commonplace – and, if so, how secure is your business?
Wilsons Detectives – Africa, Asia and the Middle East private investigators offer just a single core service or add to that with additional products and services?
Wilsons Detectives Africa, Asia and the Middle East
Could well be the answer to your security dilemma
Detective Agency – Africa, Asia and the Middle East regards due diligence as an ongoing process of continual risk assessment and therefore it undertakes checks both before and after a clients deal
Particularly if you are working with overseas partners, the Wilsons agency offers access to a comprehensive network of trusted local contacts built up over many years, which cut through what may prove barriers for your own due diligence staff
Private Investigators Wilsons prides itself on performing a “Blue Ribbon” service that is far less expensive than many of its larger competitors
Dealing with partners abroad in often corrupt, poorly policed jurisdictions is a huge risk without sound due diligence procedures in place
Money launderers waiting in the wings will take full advantage if you ever drop your guard
The rewards can be great but only if you can guarantee your reputation will remain intact.
Wilsons Detectives due diligence Dubai could be your answer.