Problem
A big brand wealth management firm in the course of routine compliance checks had become concerned by reports appearing in the local press that one of its prospective private clients had previously been prosecuted in Turkey on money-laundering charges.

Scope
IRM was instructed to determine the precise circumstances of the case and supply information and references to help the client decide whether the client’s client could be handling funds of suspect provenance.

Solution
IRM contacted sources familiar with the alleged criminal case and was able to supply evidence to show that the case had in fact been thrown out before it had gone to court because the grounds for the complaint were so weak. IRM also presented circumstantial evidence and references to show that the initial complaint could have been motivated by malignant intentions from a commercial rival. IRM also presented information and analysis to show that a newspaper had published misleading reports of the incident because the media owner may have been hostile to another figure connected to the case.
IRM also obtained several confidential references and opinions from figures familiar with the depositor that concurred in the view that his wealth was his own and legitimate.

Result
The wealth management firm was reassured and was able to continue accepting deposits from its client.