Corporate Investigations

Trust is essential within any business, and with more and more employees abusing their employers trust, it is no surprise that an increasing number of company’s and businesses are looking to hire private investigators for background research and further, more detailed reports. Company’s have an obligation to ensure that their employees are who they claim to be and also to ensure that their business partners and suppliers can be trusted. There is concern amongst CEO’s that as heads of corporations, they could be held accountable for corporate offences undertaken by employee’s, and this has led to a large increase in the number of private investigators hired.

Corporate responsibility covers two areas:

Due diligence

Employers need to be certain that their employees are working legally and have any required documentation, legally. This includes qualifications and registrations with relevant governing bodies, as well as ‘right to work’ documentation and checks. Companies need to also ensure that their employees are who they claim to be and have relevant CRB checks where needed. With an increasing number of fake qualifications and other forms of documentation available, it is more important than ever to conduct background checks. Many companies are using private investigators to undergo this legwork and, hiring them to check CV’s and the background of potential employees.

International working

With the increasing benefits of globalization, many large and medium sized companies have links with overseas suppliers, manufacturers or branches. The risk with this international aspect of business is the inability to meet your partners on a regular basis, face to face. With the increased distance comes an increased risk to your company in terms of links to corruption, overcharging, illegal working conditions and even tax dodging or smuggling. Hiring a private investigator has become a popular method for some companies to avoid the fate of being tarred with this kind of activity and private investigators have been able to conduct research and surveillance to ensure the safety and reputation of their client.

If your business would benefit by hiring a private investigator, contact us today.

EMPLOYEE MONITORING

Private Investigations for Businesses

Money laundering and corruption are not restricted to the CEO’s of large corporations or FIFA. It is something that costs billions to business every year and since the Criminal Finances Bill was introduced for discussion as a potential amendment to the Proceeds of Crime Act 2002, in November 2016, it would seem that politicians and the public are looking for companies to be held accountable. This is a potentially major legal development in terms of corporate liability and could cost guilty company’s a lot of money, easily offsetting the cost of hiring a private investigator.

What would companies be liable for?

The bill would expand corporate liability to include:

Making it a criminal offense for corporations who fail to prevent their staff from indulging in or assisting tax evasion.

Provide the National Crime Agency (NCA) with more investigatory powers, while also using the Suspicious Activity Reports (SARs) to focus on companies that are involved in money laundering.

Enhancing the ability of courts and law enforcement agencies to claim criminal assets, especially in cases of grand corruption.

What would this mean for businesses?

A company or business could for example be held accountable for tax evasion if there were not reasonable actions in place to prevent tax evasion by employees, subsidiaries or agents.

How can private investigation help?

Businesses will need to be sure that their employees are trustworthy, honest and reliable. A private investigator can be used at all stages of the employment cycle, from providing in depth and detailed background checks on potential new employees, to  providing the evidence your company needs to fire and prosecute those employees who are potentially breaking the law. Private investigators have access to a range of resources and techniques that are perfect for using within business situations, including surveillance, vehicle tracking and under-cover work.

In summary

If businesses are to take their role seriously in preventing financial crimes, hiring a private investigator is the most effective way to go about this, catching criminals in the act, providing legally usable evidence and protecting the companies reputation and finances.