An asset check is a particular type of background check where searches are concentrated on the assets of the person under investigation. There is usually a personal or a business purpose for undertaking an asset check. You may be involved in a relationship with a person who makes claims regarding his or her wealth that you have reason to doubt. Alternatively, you may be contemplating litigation against a person and you would like to know if that person has assets against which to recover if you are successful in your litigation. As with background searches, there are many circumstances in which we perform assets checks.
Typical searches include an examination of land titles, company and business registration records. Along with bankruptcy searches, these often give a good basic snapshot of a person’s asset position. You will be able to determine whether the person has a registered interest in land, whether there are mortgages over the land and whether the person has experienced serious financial difficulties in recent history. It may assist you to know where the person under investigation works and inquiries can usually be made in this regard so as to gather proof of employment. An examination of a computer or a digital device used at some time by the person under investigation may reveal valuable banking or asset information. Surveillance of the person may reveal evidence of physical assets or attendances at financial institutions you are not aware the person has a relationship with. Other inquiries can reveal evidence of bank accounts, shareholdings, debts and general financial difficulties.
Searches can be undertaken under the name of a spouse or de-facto of the person to determine if assets are being hidden.