Complex due diligence

Global Risk Management Company

 

“I have engaged Matrix Intelligence on numerous occasions over recent years to conduct detailed due diligence tasks in complicated environments.  On each occasion Matrix has taken a measured and deliberate approach to the feasibility phase of the engagement to ensure that when they commit they have the confidence that the final product will meet my satisfaction.  On each occasion, I have been impressed by the diligence invested and the faithful adherence to the original requirement and timeline.  It has meant that I can make critical business decisions with confidence and in time.”

Managing Director


Complex due diligence

City Law Firm

“Matrix has assisted us with various due diligence projects for our clients.  In an industry where there is a tendency to overpromise and underdeliver, Matrix offers a refreshing alternative.  The work product delivered by Matrix has been professional, comprehensive, and in line with our client’s expectations.  It is clear that before a fee is proposed, proper consideration has been given to the appropriate scope of an investigation, what can realistically be achieved, and where the pitfalls lie.  Stuart’s extensive knowledge and contact base is particularly helpful when dealing with cross-jurisdictional investigations, and there appear to be few places left in the world that Matrix cannot cover.  We will continue to recommend Matrix’s services to our clients.”

Solicitor


Surveillance & vetting

FTSE 250 International Outsourcing Company

"We have used Matrix Intelligence as part of our value-added offering to our most valued clients. These services include physical security penetration testing, security threat alert briefings, security audit reviews, vetting, surveillance and counter surveillance. Our clients have been highly impressed with the level of professionalism encountered and the detailed knowledge and advice provided by Matrix. I would highly recommend on every level."

Strategic Retention Managing Director


Due diligence & surveillance

Global Entrepreneur

"I have continuously used Matrix’s services on every level of my business, including: due diligence on prospective business opportunities, covert surveillance, TSCM, cyber security and business intelligence. I would consider Matrix as an integral part of the day to day running of my business and would not consider into entering into any transaction or new business venture without first consulting them."

High net worth individual


Pre-transactional due diligence

Executive Director

"Matrix Intelligence regularly provides us with efficient services customized to our needs.  We do recommend them to anyone who is looking for qualified and dedicated experts in the field of corporate intelligence."

International Real Estate Company


Pre-litigation support

Partner

"We used Matrix for the first time earlier this year to carry out some litigation enquires. They provided us with an excellent in-depth report which was a real game-changer.

We now regularly instruct Matrix for all of our due diligence and pre-litigation enquires. They are extremely efficient in what they do and always deliver. I cannot recommend them highly enough."

International Law Firm


Blackmail investigation

Chairman

"We commissioned Matrix to conduct an investigative assignment in China to assist with resolving a sophisticated blackmail attempt. The information they were able to uncover was impressive and enabled us to bring about a swift and successful resolution to the matter."

Middle Eastern Multi-National


EAM due diligence

Wealth & Investment Management Company

"We regularly engage Matrix to provide External Asset Management due diligence to satisfy the legal requirements for the onboarding of new investors. They have always delivered a comprehensive and timely service and I would not now consider alternate providers."

Managing Director & Head of Legal


International Divorce Investigations

Hiding assets and not disclosing full details of wealth attracts serious penalties in the UK, including contempt of court, potential imprisonment and perjury. However; the penalties are rarely enforced, which results in many people hiding their marital wealth from their spouse, or civil partner, prior to launching divorce proceedings. The financially weaker party is then left with a huge dilemma - investigate or accept?

In addition to this, couples who are each the citizens of a different country have to resolve the issue as to which country the divorce should occur, which can be expensive and time consuming.

Out with the old, in with the new

As the UK has now left the EU, the existing laws will only remain until the end of this year. It is probably fair to say that the UK is one of the primary hubs for international families and HNW divorce cases. The current laws for divorce proceedings are contained within the EU Regulation, Brussels IIa, which has been defined as  “the heart of cross-border family law in the EU” by The Justice Committee, however; these laws will soon be history.

Under the new rules, filing the claim first will no longer define the jurisdiction in which the divorce will take place. The petitioner will need to now show a closer connection to the UK than other countries in which the family may have been living.

Since the UK courts are more favourable to the financially weaker party than other courts in the EU, the UK will remain an appealing location for divorce proceedings. However; this is sometimes why the assets are hidden in offshore jurisdictions, and out of reach of the other party. Thus, investigating disclosure is probably one of the most important stages in obtaining a fair financial settlement.

Investigating disclosure

The family courts expect all financial circumstances to be disclosed and they have substantial powers in regard to assets held in other jurisdictions. Unfortunately, and as well documented, ‘nearly a quarter of divorcees hide financial assets’ and the financially weaker party regularly loses out.

Fighting for a successful Matrimonial Order (Order) can take years. In that period, the spouse has enough time to conceal assets through transfers, placing the possessions in offshore company structures, or liquidising them, in order to use the funds to purchase new assets. This makes enforcing the Order extremely complex and the rights and benefits secured under the Order become practically meaningless if they cannot be enforced.

What will happen to the cross-border assets?

When a relationship breaks down, there is a wide range of various financial matters that need to be considered, especially if there is a doubt over the disclosure of assets and suspicion that assets might be hidden in other jurisdictions.

It is important that investigators are engaged at the earliest stage of divorce proceedings, so that a coherent and phased strategy can be put in place to save time and money. Specialist firms, such as Matrix, have multi-jurisdictional asset tracing experience, where local knowledge is crucial in gaining fast and reliable results for the quantification of assets and financial profiling of the spouse. The combined methodology of Open Source Intelligence (OSINT) and Human Source Intelligence (HUMINT) can lead to identifying missing, hidden or previously unknown assets.

The outcome of this combined methodology is a balanced and highly-effective approach that enables clients to have access to high-level, strategically-actionable intelligence and information that helps them negotiate a higher settlement than what they had been initially offered.

However; if a settlement cannot be obtained through Alternative Dispute Resolution (ADR), or out-of-court settlement, the expert asset report will assist the interested party at the enforcement stage of the proceedings, which can be actioned without any delays.

About Matrix Intelligence

Matrix Intelligence has substantial experience and a proven track record of Asset Tracing globally. We deliver reliable and actionable intelligence to lawyers, financial firms, corporate clients, third party funders and HNW individuals. While operating internationally, we have exceptional capabilities in Eastern Europe, the Middle East and throughout the world´s offshore banking jurisdictions.

More Online | LinkedIn | Twitter | Click Here to send an email to Matrix Intelligence.