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Read moreThe solution:
Our team of multi-lingual business analysts conducted a comprehensive investigation, employing a variety of research methods to gather insights into the subject. This included targeted media research in multiple languages, along with global compliance checks and source inquiries.
The areas of focus included:
The individual’s key business activities and affiliations
Identification of any potential red flags or illicit behaviour
- Confirmation of the location and ownership of assets
The result:
After a thorough and intricate investigation, Diligencia delivered an Enhanced Due Diligence Level 3 report to our client. This detailed report outlined our findings as follows, and included details of all sources used.
Our investigation revealed that the individual was the founder of a rapidly growing and profitable company in the entertainment gaming sector. One of the company's shareholders had strong ties to a well-known gambling boss, and media reports indicated the company’s past had been described as “dark.”
Despite conducting global compliance checks, no immediate red flags were found in relation to the subject.
Further digging revealed the subject held shares in five active companies and had previously been involved in five others. Property checks confirmed they owned two flats and a plot of land in the capital of a Southeast European country
A deeper dive using our network of local sources uncovered a critical finding: although the individual was officially listed as the Ultimate Beneficial Owner (UBO) of 35% of the gaming company, they were not the true owner. Instead, it appeared they were holding shares on behalf of another individual, with whom they shared two children. This person, along with their sibling, were believed to be the actual owners of the company. Both individuals had criminal reputations and were known to have used violence to expand their operations. Several sources indicated that they maintained influence in the industry through political connections.
Additionally, our research revealed that when these two siblings were incarcerated, the subject took on substantial responsibility, running the company in their absence.