As the economic crisis continues to hit Europe, legitimate companies and business people are struggling to find way to remain profitable and overcome the challenges.  The environment is a challenge to locals to determine who is a safe investment, and who is not.  For foreigners looking to invest in Europe, especially the high risk area of Eastern Europe and Russia, the challenge of screening companies and investments can be a serious and daunting challenge.  The risk, however, is up and that is clear.  The need for background checks and due diligence in Russia is driving the demand for Russia due diligence cases.

The region is facing downgrades from financial rating agencies, and fighting to improve its economic outlook.  Individuals, small businesses and corporations all need to lower their risk in Russia and the Ukraine, and Moscow private investigators have been receiving more requests for due diligence and background checks on businesses than ever before.  Meanwhile, Russia’s reputation for a technology savvy society with criminal hackers is only getting worse.  Long known as a place of internet scams, business fraud is growing.

Russia private investigators and law enforcement in Moscow say that as the European economy worsens, the demand of due diligence investigations has increased.  The reason?   More firms, CEO’s and individual investors are looking abroad to find profitable business opportunities and cheaper labor.  As Russian companies and individuals market their offers internationally, it can be a major challenge to screen the fraudulent and fake offers from the legitimate ones.  Russia and the Ukraine are offering cheap labor in technical support and software.   There is plenty of opportunity in the oil and gas industry.  Screening the good from the bad is problem.

The financial crisis on the continent and high unemployment has opened the door to the offering of fake job positions and the creation of bogus companies by criminals.  Internet scammers have gone where the demand is, and experienced criminals know what investors and business people are looking for.  Scammers play the part and produce an attractive business proposal.  Many Western business people and individuals are learning the hard way.  In Russia, verifying first is key.

Extensive Russia due diligence is conducted to screen prospective business partners, suppliers, employees and vendors.   Moscow based private investigators and reputable firms like Russia PI™ offer a solution for business people who are thinking of doing business with a Russian individual or company.  More business leaders are thinking of due diligence as a form of insurance, and it’s wise to be covered in this high risk environment.  Professional due diligence services can verify a company representative is who he or she claims to be, screen the case for fraud, and determine if a company and offer is legitimate, and also identify any risk factors associated.  In short, it gives clients evidence to make an informed decision.

C. Wright
© 2012 Russia PI™