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Case Overview : A U.S. client wished to find out how a Chinese education company that had raised USD 160 million in a recent funding round used the funds and whether any red flags had been associated with the company.
Solution : We conducted comprehensive searches and discovered that the company had been fined twice for misleading advertising and received complaints about customers cheating and complicated refund procedures. However, our desktop searches could not locate any information on how the company used the raised funds, as it did not make such information publicly available. Accordingly, we conducted discreet source inquiries and determined that the company invested the funds towards expanding its local business network. The client was satisfied with the information presented because it allowed them to make a more informed business decision.
Case Overview : A U.S. client wanted to find out whether a Singaporean individual had any presence in Indonesia as part of their KYC process. They suspected that the individual operated a business in Indonesia, but their public records searches did not yield any information.
Solution : In our desktop searches, we could not locate any business or activity conducted by the individual in Indonesia. However, our Indonesian directorship check revealed that the individual was on the board of three local companies he founded in Jakarta. With the help of this information, the client was more confident in their speculation and was in a position to make a more informed decision.
Case Overview : A client from Australia was concerned about the reputation of an individual before hiring him for a senior management position. The individual was previously the manager of a Vietnam factory before moving to Australia seven years ago. The client was aware of his accomplishments in Australia but was not able to obtain information on his previous conduct in Vietnam.
Solution : Our search of public sources did not result in any material information, partly due to the individual’s status as a foreign national and his last activity in Vietnam being many years ago. Nevertheless, we successfully interviewed four human sources and learned that the individual enjoyed a favorable reputation among his co-workers during his time in Vietnam. As a result, the client hired him at the end of the project.
Case Overview : A Chinese client was considering forming a partnership with a medical trading company in Malaysia and requested us to conduct third-party due diligence on the company and its executives.
Solution : As a result of our desktop research, we found that the medical trading company was exposed to political risks because one of its board members was a member of UMNO, the largest political party in Malaysia. It was also discovered that the same board member maintained a close relationship with an Indonesian politician. Further research identified that the board member was previously under investigation by Malaysia’s anti-corruption agency for alleged kickbacks. Although he was not found guilty due to the lack of evidence, our client was made aware of the situation.
Case Overview : We were requested by a Chinese client to conduct due diligence on several local Cambodian companies as part of its third-party risk management process.
Solution : During our investigation, we discovered that one of the companies had an expired company license, and its ultimate beneficial owner had close ties to a former Cambodian minister. We also learned that the company had made monetary donations to a foundation under the former minister. Based on our findings, the client was able to mitigate the risks associated with the third party.
Case Overview : A U.S. client was planning to source hardware components from a Taiwan-based manufacturer and requested us to conduct third-party due diligence.
Solution : In our research, we found that the company had been penalized by Taiwan’s Ministry of Labor for labor violations, and it had been sued twice in Taiwan by its customers, losing both times. We also discovered that the European Union had imposed anti-dumping duties on the company’s subsidiary in China. After being made aware of the situation, the client decided to look for alternative suppliers.
Case Overview : A U.S. client wished to find out how a Chinese education company that had raised USD 160 million in a recent funding round used the funds and whether any red flags had been associated with the company.
Solution : We conducted comprehensive searches and discovered that the company had been fined twice for misleading advertising and received complaints about customers cheating and complicated refund procedures. However, our desktop searches could not locate any information on how the company used the raised funds, as it did not make such information publicly available. Accordingly, we conducted discreet source inquiries and determined that the company invested the funds towards expanding its local business network. The client was satisfied with the information presented because it allowed them to make a more informed business decision.
Case Overview : A U.S. client wanted to find out whether a Singaporean individual had any presence in Indonesia as part of their KYC process. They suspected that the individual operated a business in Indonesia, but their public records searches did not yield any information.
Solution : In our desktop searches, we could not locate any business or activity conducted by the individual in Indonesia. However, our Indonesian directorship check revealed that the individual was on the board of three local companies he founded in Jakarta. With the help of this information, the client was more confident in their speculation and was in a position to make a more informed decision.
Case Overview : A client from Australia was concerned about the reputation of an individual before hiring him for a senior management position. The individual was previously the manager of a Vietnam factory before moving to Australia seven years ago. The client was aware of his accomplishments in Australia but was not able to obtain information on his previous conduct in Vietnam.
Solution : Our search of public sources did not result in any material information, partly due to the individual’s status as a foreign national and his last activity in Vietnam being many years ago. Nevertheless, we successfully interviewed four human sources and learned that the individual enjoyed a favorable reputation among his co-workers during his time in Vietnam. As a result, the client hired him at the end of the project.
Case Overview : A Chinese client was considering forming a partnership with a medical trading company in Malaysia and requested us to conduct third-party due diligence on the company and its executives.
Solution : As a result of our desktop research, we found that the medical trading company was exposed to political risks because one of its board members was a member of UMNO, the largest political party in Malaysia. It was also discovered that the same board member maintained a close relationship with an Indonesian politician. Further research identified that the board member was previously under investigation by Malaysia’s anti-corruption agency for alleged kickbacks. Although he was not found guilty due to the lack of evidence, our client was made aware of the situation.
Case Overview : We were requested by a Chinese client to conduct due diligence on several local Cambodian companies as part of its third-party risk management process.
Solution : During our investigation, we discovered that one of the companies had an expired company license, and its ultimate beneficial owner had close ties to a former Cambodian minister. We also learned that the company had made monetary donations to a foundation under the former minister. Based on our findings, the client was able to mitigate the risks associated with the third party.
Case Overview : A U.S. client was planning to source hardware components from a Taiwan-based manufacturer and requested us to conduct third-party due diligence.
Solution : In our research, we found that the company had been penalized by Taiwan’s Ministry of Labor for labor violations, and it had been sued twice in Taiwan by its customers, losing both times. We also discovered that the European Union had imposed anti-dumping duties on the company’s subsidiary in China. After being made aware of the situation, the client decided to look for alternative suppliers.
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