We scan the globe to protect your company’s business interests abroad.
Corporate criminals are now more sophisticated than ever.
Are You Keeping Pace? In a global business environment that demands an experienced, proactive approach to safeguarding your organisation, rely on
For the past 20 years, CRI Group has been the premier provider of investigative research worldwide, serving top-level clients throughout the Asia Pacific, South Asia, Middle East and North Africa.
What CRI Provides • Forensic Accounting Services • Employment Screening
CRI to deter your exposure to
• Corporate Intelligence
fraud, employee malfeasance
• Investigative Due Diligence
and threats of external business crimes.
• Corporate Security Consulting • Fraud Risk Investigations • AML Consulting Services • And much more
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International Business Crime is on the Rise.
Shouldn’t your corporate investigations firm have a global reach? As one of the most trusted names in global risk management, CRI protects the business interests of organisations worldwide, with a variety of exceptional services — from employment screening, to security consulting to intellectual property protection. An affiliate of CRI Group, Corporate Research and Investigations (Pvt.) Ltd. specialises in helping businesses deter, detect and investigate fraud and other business crime. CRI utilizes a global network of professionals specially trained in business due diligence and corporate investigations to protect your company’s investments abroad. In addition, CRI’s technical capabilities and multi-national resources allow for in-depth investigations across nearly every corner of the world, including the Asia Pacific, South Asia, Middle East and North Africa regions. This worldwide knowledge base has set CRI apart as a leader in global investigations for more than 20 years.
CRI Specialized Services • Risk Management Consulting
• Business Intelligence and Investigations
• Corporate Intelligence
• Employment Screening and Background Investigations
• Investigative Due Diligence • Fraud Risk Investigations • Fraud and White Collar Crime • Insurance Fraud Investigations • Corporate Security Consulting and Investigations
• Forensic Accounting and Investigations • Skip Tracing and Debt Collections • Intellectual Property Investigations • AML Consulting Services
In today’s economy, it’s essential to prevent corruption on an global scale.
Count on CRI for all your corporate investigative services needs. www.CRIgroup.com 3
Industry Knowledge and Global Resources We know your business...and the threats that can ruin it.
When it comes to protecting your corporate assets, no one knows your business like CRI. Our experts come from a variety of professions and possess industry knowledge and experience, serving clients in the banking, investment, international finance, government, and public and privately held multi-national business sectors. CRI professionals work closely with you to analyse workflows and systems, and develop effective solutions to reduce your company’s risk of falling prey to fraud. Our vast and experienced business network provides the protection you need when making important decisions crucial to your organisation’s success.
Discover the CRI Advantage
We find the evidence, no matter how hidden. Because CRI maintains a diverse talent base comprised of multilingual and multi-cultural professionals, we are able to overcome obstacles that often impede international investigations. In fact, CRI is frequently contracted by competitors to conduct investigations in geographic regions not serviced or accessible by these larger investigative firms. CRI investigators travel to remote destinations across the globe to conduct interviews, obtain resources and enlist local assistance to verify information crucial to your case. We staff professionals from diverse backgrounds and multi-disciplined specialties to provide our clients with the highest level of service. And CRI produces results, no matter how tight the deadline or restricted the budget. 4
International Business Presence
CRI is proud to serve as a licensed and incorporated entity of the Dubai International Financial Centre, considered one of the fastest growing international communities in the world. Our presence in the DIFC ensures a high standard of reliability, confidence, transparency, professionalism and investigative depth, all consistent with our clients’ high expectations.
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The ability to effectively preempt corporate crimes and
• National Association of Professional Background Screeners (NAPBS) • Society for Competitive Intelligence Professionals (SCIP) • World Association of Detectives (WAD) • Society of Human Resources Management (SHRM) • World Investigator Network (WIN) • Information Systems Audit and Control Association (ISACA)
• ASIS International • International Association of Financial Crime Investigators (IAFCI) • Association for Behaviour Analysis International (ABA) • Global Association of Risk Professionals (GARP) • American Management Association (AMA) • Association of Certified Fraud Examiners (ACFE) • International Compliance Association (ICA)
• Fraud Advisory Panel
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conduct timely investigations of crimes and malpractices can save corporations from huge potential losses and reputation damage. Reliable providers of corporate investigative services like CRI Group can significantly help corporations in dealing with business crime, fraud and malpractice. CRI Group’s expertise added to the diverse pool of business support, Compliance and Integrity Due Diligence Services available
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CRI Group Global Membership Affiliations
within the Middle East.
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Anti-Corruption and Business Integrity Investigations Safeguard Your Business in the Global Marketplace CRI Group Business Integrity Services ensures that the code of international business conduct is followed properly and conflicts of interest are averted. CRI’s Investigative Due Diligence service provides a comprehensive risk management tool by: • Performing pre-merger, acquisition or pre-IPO transactions
• Employing, contracting or retaining global business partners
• Offering or entering into newly-formed international joint ventures
• Following regulatory compliance or corporate governance best practices
• Engaging in new banking or business relationships
• Serving as an integral part of a consistent and audit-worthy AML and anti-corruption compliance program
For the past 20 years, CRI Group has emerged as a premium provider of investigative research, serving distinguished clients across Asia Pacific, South Asia, the Middle East and North Africa: • Forensic Accounting
• Investigative Due Diligence
• Employment Screening
• Corporate Security Consulting
• Corporate Intelligence
• Fraud Risk Investigations
As a Licensed and Incorporated entity of the Dubai International Financial Centre, CRI Group is equipped to provide support to the global business and financial sectors and address your specific risk management needs. Implemented and Certified
ISO 9001:2008 (Quality Management Systems) ISO27001:2005 (Information Security Management Systems)
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Case Studies Protecting an International Investor
Performance Bond Fraud
Fake Invoices and Purchase Fraud
An investor in the U.S. was interested in purchasing a major jewellry operation headquartered in Dubai. The jewellry business had painted a rosy picture of itself on paper as one of the region’s most profitable companies, and had attracted the eye of the U.S. investor. But an intensive due diligence investigation conducted by CRI Group told another story, uncovering several red flags that portrayed the jewellry business as not only a risky investment, but a potentially liable one at that.
A local financial institution was the victim of significant performance bond fraud. Through various investigations, the company was still unable to secure any evidence or a viable method to properly obtain information on the suspected fraudster. This prevented the bank from determining how much of the frozen assets had been stolen.
A large U.S. pharmaceutical company was facing two significant fraud cases with one of its primary business affiliates. The company suspected that the business affiliate was creating phony invoices for purchases and was fraudulently diverting its products.
In the course of the investigation, (which involved international public records searches and local, hands-on interviews to look into the financial liabilities of the jewellry operation’s directors and primary shareholders), it was discovered that the jewellry company was, in fact, in the midst of liquidation proceedings, a major factor not previously disclosed to the potential buyer in the U.S. Further research conducted at a local level revealed that the company’s principals were involved in several bankruptcy cases and that the company had been issued warnings by local regulatory agencies concerning a host of collusive business activities. Because these discoveries would have been nearly impossible to uncover using conventional Internetbased search methods, the potential buyer stood to lose his entire investment had it not been for the business background investigation conducted by CRI Group.
After investigating, the CRI Group team — comprised of Certified Fraud Examiners, corporate attorneys and chartered accountants — learned that the suspect had performed bond fraud on several occasions, with numerous companies over many years. CRI Group’s investigation led them to another victim of the fraudster, who had abandoned his claim. With this new evidence and additional investigative work, CRI Group made it possible to freeze the suspect’s assets. The team was then able to search two locations the suspect occupied in London, where they found substantial documentation that supported the claim. With this new evidence and documentation, CRI Group obtained the necessary information from third parties to support the bank’s claim that their suspect had, in fact, been the criminal behind the performance bond fraud.
A CRI Group team, including a Certified Fraud Examiner and forensic accounting staff — conducted a forensic audit of the business affiliate in question. Their research uncovered a large number of fake invoices and bills coming from this business affiliate. Further investigations and physical verifications revealed that employees were purchasing expensive gifts for physicians to promote the business’ products, costing the pharmaceutical company thousands of dollars. In addition, the CRI Group team sent an undercover agent to pinpoint locations where some of the company’s inventory was possibly being unloaded on the open market. The agent not only located the inventory but was able to seize a sizable amount before it was sold.
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Contact Us Middle East & North Africa
Asia
Corporate Research and Investigations LLC Level 9, #904, Liberty House, DIFC P.O. Box 111794 Dubai, UAE Tel: +971-4-3589884 Cell: +971 50 9038184 Fax: +971 4 3589094 Email: crimena@CRIgroup.com Web: www.CRIgroup.com
Pakistan Office Level 12, #1210, 1211 55-B, Islamabad Stock Exchange (ISE) Towers Jinnah Avenue, Blue Area Islamabad, Pakistan PO Box 2144 Tel: +92 51 111 888 400 Toll Free : 0800 00 CRI (274) Email: admin@crigroup.com Web: www.crigroup.com
CRI Group Qatar Level 22, Tornado Tower Al-Funduq Street PO Box 27774 Doha, Qatar Tel: +974 44292434 Email: doha@crigroup.com Web: www.crigroup.com
Europe
Singapore Office 14 Robinson Road #13-00 Far East Finance Building Singapore 048545 Tel: +65 64949272 Fax: +65 3125 7132 Email: admin@CRIgroup.asia Web: www.CRIgroup.asia
EMEA Head Office Level 33 25 Canada Square London E14 5LQ United Kingdom Tel: +44 207 038 8023 Cell: +44 7588 454959 Email: info@crigroup.co.uk Web: www.crigroup.co.uk
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