by Sachit Kumar, Managing Director of Globe Detective Agency
International developments and unforeseen events over the last three years – COVID, socio-political and economic stresses across the Globe, the Russia-Ukraine conflict- all occurring in rapid succession, have triggered movements of people and funds and reshoring of business and assets at an unprecedented scale.
Governments across different geographies are positioning themselves to react and respond – some are doing this through innovative partnerships in trade and business, manufacturing and education. Citizenship by Investment is one such initiative – where Governments screen and receive individuals in search of new lives in preferred locations. Applicants for such selection provide their personal particulars – which receiving Governments thoroughly verify – relying on the services of Due Diligence vendors.
Due diligence fundamentally involves investigation to verify information about an individual or a business entity, to enable Governments to assess their eligibility and risk profile. Through Due Diligence, an applicant’s background is checked – against potential security, reputational and political risks.
Globe Detective Agency Pvt. Ltd. (GDA) has a global footprint, long enough experience, good reputation and strong credibility enabling governments to trust their Due Diligence through them. It is among the leaders in providing valuable service to government with Enhanced Due Diligence for the Citizenship Investment programs.
GDA is a full-fledged total investigation and security solutions provider, with a pan-India presence. GDA, established in 1961, is the pioneer in Due Diligence & Private Investigations and continues to be the leader in this field. The Company takes on all Due Diligence & Private Investigations serving corporates and individuals across the world. GDA is a highly trusted name in India’s corporate world and is depended on by the foremost multinational business houses. The all-India network of GDA, comprises of 20 branches, 4,000 employees across the various verticals and strategic international alliances covers all regions of the world.
Mr. Sachit Kumar, Managing Director of Globe Detective Agency (GDA) has 37 years of experience in Investigation, Due Diligence, and Security Services. He is a dedicated member of the Council of International Investigators (CII), ASIS, WAD, and Intellenet. He has been the President of CII for 4 years. He plays a vital role in growing the company’s overseas footprint (currently operating in 36 countries), especially the Enhanced Due Diligence & Background Investigation services for the Citizenship-by-Investment (CBI) industry.
Some of the checks GDA takes on for CBI programs have been enlisted below. These are conducted through various mediums, including but not limited to on-ground investigations, thorough analysis of information & data, case studies:
- Global Security Checks for 1200 sanctions and enforcement watch lists
- PEP status: i.e., whether he is a politically exposed person
- Government Compliance, any non-compliance vis-a-vis Regulatory Agencies, Terrorist Connections and Money Laundering
- Offshore Leaks database (The International Consortium of Investigative Journalists) and a check of Offshore Alerts
- Media searches for a comprehensive reputation assessment and in this way, identify possible risks/or adverse information.
- Multi-jurisdictional criminal and civil litigation searches
- Verification of their name and address history
- Company ownership, affiliations and registration
- Verifications/scrutiny and assessment of identity documents
- Verification of Employment History
- Financial record checks
- Reference & reputational checks
It is important for CIP to have clear and transparent processes in place for conducting due diligence, and to continuously review and update these processes to stay up to date with current best practices. This can help to build trust with both citizens and investors, and protect against security, reputational, and political risks. By conducting thorough and reliable due diligence, governments can ensure that their CIP are a valuable and legitimate tool for attracting investment and promoting economic growth.
GDA has a global footprint, long enough experience, good reputation and strong credibility enabling governments to trust their Due Diligence through them. It has been providing valuable service to government with Enhanced Due Diligence for the Citizenship Investment programs.
Not only is a country’s reputation important in shaping its diplomatic relations with other world nations, but it ultimately it is also a factor in the ‘strength’ of its passport.
The safety and security objectives inherent in Due Diligence definitely serve to safeguard the sovereign rights of a country’s citizens. It would therefore be emphasised that Due Diligence has become a central tool in the Investment Immigration Industry.
