A. Hathaway has 20+ years of experience in fraud prevention, foreign markets, international investigations and background checks. He has served as lead investigator for cases in over 20 countries in 5 continents. Hathaway works as a consultant for international private investigators and maintains his own private investigation blog.
Firm plans private investigation subsidiary for Russia and the Ukraine
As fraud cases and international commerce levels continue to rise in Russia and the Ukraine, private investigators struggle to obtain marketshare in a region where demand for professional private investigation, due dilence and background checks is high. Wymoo® International is the current leader in marketshare for private investigation in these countries, and with their recent announcement to open a subsidiary in Russia, it is clear the firm and its affiliates are betting the demand will continue.
Investigation industry analysts estimate the majority of investigation, pre-employment and Russia background checks in Russia is driven by Russia's emerging market economy, as well as the high occurance of bridal and internet scams, otherwise known as advance fee fraud. Internet scam operations continue to operate nearly unchecked in Russia and the Ukraine, with close ties to organized crime in major cities such as Moscow and Kiev. Wymoo is hedging its bet on the political environment in Russia remaining a high fraud, high-risk business zone.
Wymoo Vice President, Paul Fletcher, states that "the demand for due diligence and pre-employment screening in Russia has never been greater, and we expect that demand to increase as the global economy continues to recover through 2012." In addition to standard background checks, foreign male clients in Australia, Canada, the U.K. and U.S. continue to drive up demand for surveillance, infidelity investigations, and pre-marital checks. Russian women increasingly search for romance and marriage via the internet, and these relationships should be verified.
The name of the subsidiary has not been released, but insiders familiar with the deal expect the website for Russia to open in January, and the team of Russia and Ukraine private investigators is already in place. As with Wymoo's other markets, the Russia and Ukraine team is rumored to be a professional group of former federal agents and military operatives. Wymoo has established itself as one of the most reputable names in international private investigation, and the firm is placing large bets on Russia and the Ukraine. If they are right, fraud and scam levels in the region will remain high, and consumers should take note of the risk.
Best of luck,
A. Hathaway
© 2006-2009 A. Hathaway
- Related Videos
- Related Articles
- Ask / Related Q&A
Requirements from good oilfield completion services
By: Steven | 22/11/2009An oil rig establishment is not an easy deal. Especially in tough condition. So reputed oilfield completion services should be chosen. They should own all the required services themselves. This will ensure proper and efficient service.
Vaic T800 TV Mobile phone discount from agoodseller
By: Andy | 22/11/2009TV Mobile phone , the "Fifth Media", has not yet had an opportunity for rapid growth in China. Experts say it will take some time for the new application to enter everyday life.
CULTURE DIFFERENCES IN BUSINESS RELATIONS:THE CASE OF CHINA AND AFRICA
By: CISSE DAOUDA | 20/11/2009With its trade reforms and its accession to WTO in 2001, China has adopted a new vision in doing business with the world. In order to expand its trade and find new markets for its manufactured goods, China has become an important partner for Africa. This has led to new business relations between Africa and China. Although the trading relationships are developing, there is an aspect that we should take into account: culture difference.
Irish Company Formation Proves Popular With USA Corporations
By: Heather Landau | 20/11/2009Company incorporation Ireland is an attractive proposition due to low corporation tax rates and a current 3 year tax exempt period for new companies. This article explains why Irish company formation is so attractive to USA based corporations seeking to relocate.
Irish Company Formation Offers 3 Year Tax Exemption
By: Heather Landau | 20/11/2009Setting up business in Ireland is an attractive proposition due to low corporation tax rates and a 3 year tax exempt period for new companies. For foreign investors considering Irish company formation, this article provides details of why company incorporation Ireland should be at the top of your list.
Is France Really The Worst Country For Corporate Taxes?
By: Heather Landau | 20/11/2009If you are considering setting up business in Europe, France should be high on your list of strong contenders. For foreign investors considering French company formation, this article provides details of the current Corporate Tax rates plus how these can be halved or even reduced to zero!
Hinduja group to foray into movie exhibition
By: monika | 20/11/2009The Hinduja Group is one of the largest diversified groups in the world. The Hinduja Family contributes to old economy sectors such as Banking, Finance, Transport, and new economy of Technology, Media and Telecom in India.
Stainless Steel banding
By: M4rtinroche | 19/11/2009BS Thermal the specialist thermal insulation product distributor is increasing their production to reach rising demand for stainless steel banding. BS Thermal is a trading division of BS Stainless a company with a long tradition of manufacturing stainless steel coil, banding and strapping.
International Background Checks Rise
By: A. Hathaway | 28/10/2009 | International BusinessInternational private investigation and background check services are rising, depsite the bad economy, as companies and individuals require foreign relationships to be verified.
Wymoo® Expands into Russia & Ukraine PI Market
By: A. Hathaway | 19/10/2009 | International BusinessDemands for private investigation, due diligence and background checks in Russia and the Ukraine remains high. Private investigators are battling for marketshare in the region, and Wymoo International is leading the investment.
Philippines Private Investigators Review
By: A. Hathaway | 30/09/2009 | DatingChoosing a Philippines private investigator is no easy task. Many so-called investigators are often scams themselves, and clients frequently report having their money stolen, or receiving unprofessional service. This article discusses some options on finding a professional.
Nigeria Scams & Private Investigators
By: A. Hathaway | 30/09/2009 | International BusinessThe private investigation business in Lagos, Nigeria is booming, and so are the number of scams. This article provides an overview of the services in this PI market.
Missing Heirs and International Estates
By: A. Hathaway | 30/08/2009 | International BusinessOverview of the international probate and missing heirs industry, and how investigators seek to find missing beneficiaries and pay out estates held by the government.
Europe Background Checks Increase
By: A. Hathaway | 20/08/2009 | International BusinessOverview of the demand for Europe background checks and a look at the different services offered, along with some advice for consumers searching for such a service.
International Background Checks & Investigations
By: A. Hathaway | 20/08/2009 | International BusinessOverview of the increase in demand for international background checks and global investigations, and advice for consumers in need of such a service.
Philippines Detectives Investigate Scams
By: A. Hathaway | 08/07/2009 | DatingPhilippine private investigators are increasingly investigating Filipinas for foreign clients. Selecting a Philippine detective has never been more difficult.