Investing in Ukraine is often described, especially by the western press, as asset and capital management of high risk. This fact is partially true if the investment process is not done properly. Invest in Ukraine projects tends to maximize return on investments if done with solid legal backup, professional due diligence and the ability to appoint the proper personnel in the key positions. However, the latest experiences discovered by Scandinavian Invest Ltd. shows that risk management is only one of the topics that requires attention in an investment process. The sphere of screening and discovering the sources seems to be even more complex and filled with nuances.
Scandinavian Invest Ltd. is exploring a stable growth in the interest for investing in Ukraine. Due to the local market experience the risk levels are minimized as routines for following up each case solely is always followed. This is as well the situation when attracting and introducing foreign investors to investment opportunities in Eastern Europe. A situation proving that the routines of the company works was newly discovered as aspects of the South African investment environment turned their interest to Ukraine.
Anti Money Laundering revealed and procedures tightened up
As investments in Ukraine has the reputation of being risky, money transfer ventures with its origin from different parts of Africa has historically proved to be highly suspicious in most of the cases. Nevertheless, as several countries in Africa are growing on the top 10 list of the fastest growing economies globally, it is time to tighten the routines and explore the real and honest sources on this continent. As the African economy is rising, this is a sign needed to be taken seriously. So does Scandinavian Invest Ltd.
Scandinavian Invest Ltd. was newly prompted by a South African investor research company representing several investors with its interest to invest in Ukraine. As amounts was considerate, basic due diligence explored that funds was actually present in one of South Africa’s most reputable banks. Furthermore, several issues that looked like coincidences initially, turned out to increase suspiciousness to a new level. This includes, the need for sending the fund out of South Africa and into custody, held by a foreign custodian, within a certain time limit (and without any further valid arguments), the use of a wider flow of intermediary persons and the use of additional banks and accounts included in the withdrawal itself.
One of the basis pillars in the Scandinavian Invest Ltd. philosophy is an investment environment based on trust. “We face new areas with an open mind, but we will also have strict requirements on all levels”, says General Director of the company. In this sole case, a potential money laundry attempt was prevented; an experience likely to be useful for more instances than the involved parties. It is definite that similar cases will occur, but it will only make Scandinavian Invest Ltd. stronger in the company’s way for building the solid and real investment relationships.