Fraud is an intentional deception made for personal gain or to damage another individual. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud. Baltic Security may assist in investigation of all kind of frauds in the international and national levels.
Baltic Security provides complex international fraud investigations in Latvia | Lithuania | Estonia. Our abilities, knowledge and resources let us be the leading provider of fraud investigations services in the Baltic Countries.
Car insurance fraud | medical insurance fraud | cargo fraud also known as cargo theft scams are some of the common types of fraud in Baltics. We provide full services in complex fraud investigations with wide geographical coverage.
The full scope of investigative tools is applicable to the insurance fraud investigations. Background check, surveillance & private detectives, site visit, victim/ suspect interviews are effective when executed by the professionals in the correct sequence. Baltic Security is the only investigative company in the Baltics that has active Certified Fraud Examiner – internationally recognized credentials issued by Association of Certified Fraud Examiners
Our specialists and partners provide consulting services on full scope in security | fraud prevention & investigations to the leading international companies in the Baltics: online casino | maritime services | sea mini-cruises | appliance retailing | insurance | finance. Moreover, our consultants and reliable colleagues have extensive experience, knowledge and expertise to assist you in the most complicated tasks Worldwide.
Our primarily coverage for insurance fraud investigations is Latvia | Lithuania | Estonia. For the convenience of our clients, we also offer services for insurance fraud investigations in Russia | Ukraine | Belarus | Romania | Moldova | Kazakhstan | Azerbaijan | Greece | Iran | and most of other EU countries.
Cargo scams in Lithuania are mostly performed by well-organized criminal groups. Often the victims of the cargo thefts in Lithuania are international logistics companies that are located outside Lithuania. Assets recovery in the cargo scams is an effective tool and should be used where appropriate.
Sample case: During the Winter Holidays hustle, during the loading in the Northern Denmark of the freshly frozen trout an intermediary suddenly started to rush the logistics. Complaining about the busy season and bad road conditions. As always the fraudster was very polite, very responsive, and very friendly. When the delivery was executed to the warehouse at the outskirts of Vilnius, Lithuania the client suddenly disappeared with the cargo. When we started to investigate the situation and interviewed the driver, administrator, expeditor it was apparent that a smart fraud was executed by the fraudster that already made the company insolvent.
Summary: Professional risk assessment | company due diligence of the logistics intermediary would have saved the client time and money.
Corporate Fraud investigations in Latvia | Lithuania | Estonia usually requested by the headquarters of the companies that have branches or daughter companies in one of the Baltic countries. Whether the head office suspects or already have signs of corporate fraud, we may advise the most optimal solution and develop and implement the appropriate measures.
Sample case: International company with the daughter enterprise in the timber-related industry requested a due diligence investigation in Latvia. The reason: ambiguous understanding of the management in financial | procurement | administrative resources in the company’s activity. We have executed the background check of the key individuals and applied Risk Analysis. The findings surprised the client since they were not aware that the major turnover was executed between the principles relatives other than the company directly. The client’s company due to the international recognition was used to attract the clients, but all the lucrative contracts went directly to the brother in law enterprise.
Summary: Background Check of the key individuals and Internal Advisory helped the client to get a better understanding on the situation.