China is a fascinating and evolving country, with an expanding and ever-growing economy:
Beijing has more billionaires than any other city in the world
China is ranked second to the USA in regards to the number of dollar millionaires residing there
There are almost 1.5 million HNWI individuals living in China, with a 11% YoY growth
The exponential growth of China’s economy has been reflected in the increased number of due diligence requests in the country that Proximal Consulting has been receiving over the last five years. China has become one of our speciality jurisdictions because of our experience and the reliable information that we can obtain which enables our clients to fulfil their enhanced due diligence requirements.
Our EDD reports on Chinese individuals contain the following types of information:
Address verification
Confirmation of personal details such as name in Chinese, date of birth and place of birth
Background details on the family of the subject of our report
Full details of business interests (in China and other jurisdictions)
Whether the subject should be viewed as a PEP (politically exposed person) and/or a close family member or associate of a PEP
Media references
Intelligence about confirmed or suspected links to criminal activities
Details about any allegations or verified intelligence about involvement in corrupt activities
Sanctions risks
We are also able to provide similar information on Chinese companies and corporate entities
Through our ongoing experience of conducting investigations in China we have seen a range of trends including:
Very common native Chinese names that are interchangeable between genders
Subjects often assume Western names, in addition to their original names
The Subject is a PEP or has close relationships with PEPs (which has not been disclosed to our client)
The Subject has been convicted of corruption or is a relative /close associate of someone convicted of corruption
An increasing use of citizenship investment programs, particularly Cyprus & Vanuatu
“Front Men” being used to move money out of the country
The Subject is an officer of a state company (which has not been disclosed to our client)
These trends re-enforce how experience, local contacts and expert knowledge are paramount when producing EDD reports and associated KYC due diligence in China. Proximal Consulting has amassed these skills through its 22 years of being in business and 20,000 + completed enhanced due diligence reports
Our EDD reports are fully confidential and tailor-made to the client’s requirements at a fixed price in a fixed time frame
Please for further information and pricing information:
Email: enq@proximalconsulting.com
Phone: +44 (0) 1672 516725
Further Information: