FSG FORENSIC INVESTIGATORS & AUDITORS | TRACERS | RISK MANAGERS | GUARDS
SA's national litigation, corporate & government private intelligence, private/forensic investigation/auditing, loss & risk management specialists.
FSG  is a LEVEL 4  B-BBEE
Accredited Company

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HEAD OFFICE DETAILS
Telephone
+27 (0) 86 1000 979
Fax
+27 (0) 86 5168 722
Mobile
+27 (0) 83 7841 523
Postal Address
PO Box 17, Pavilion,
3611, South Africa
Physical Address
7 Cedar Road, Westville,
 3629, South Africa
PSIRA Reg. No.
1144490
Email Address
fohladbn@yebo.co.za


FSG has corporate offices in:
DURBAN
CAPE TOWN
JOHANNESBURG
- and field agents in every Magisterial District in SA.

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If two things donít fit, but you believe both of them, thinking that somewhere, hidden, there must be a third thing that connects them, thatís credulity.

UMBERTO ECO
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FINANCIAL ASSESSMENT INVESTIGATIONS ('FAI')

The performance of a FINANCIAL ASSESSMENT INVESTIGATION ('FAI') of entities and/or natural persons is almost always a component of all forensic investigations under taken by FSG, especially those involving FINANCIAL CRIME & CORRUPTION, and may, for example, from part of performing a BACKGROUND CHECK INVESTIGATION ('BCI'), and components of the FAI may be the subject of THIRD PARTY TRACING ('TPT'.)

FSG is also regularly instructed by LEGAL PRACTITIONERS and CORPORATE CLIENTS to perform a FAI on a person or entity for reasons that include a due diligence exercise when one party is considering entering into an agreement with another, making an assessment of whether the cost and effort of commencing a litigation process to recover a large debt is justified, to establish where the assets of a person or entity who is the subject of a litigation process to recover a substantial debt are to be located, and in preparation for liquidation/sequestration or Sec 65 interrogations.

The performance of FAI is one of the most common types of forensic investigation undertaken by FSG.

In the OVERVIEW page of our SERVICES MENU, we have already commented that FSG does not merely 'sell' forensic investigation, forensic auditing, tracing and risk management services, but rather has developed numerous specific service products that find expression in SERVICE PROFILES that define the scope of work of a forensic investigation, forensic audit, tracing or risk management service, puts fee estimates to the service product in question, and allows FSG and client to arrive at, and agree to, a budget to perform the task.

FSG has produced separate Service Profiles for each of our two types of FAI that can be downloaded in PDF format from our SERVICES PROFILE page:

bullet FAI - NATURAL PERSONS
bullet FAI - ENTITIES

These FAI SERVICE PROFILES have been made extremely user friendly and have enjoyed popularity with our attorney clients especially:

bullet Reports are produced in a preformatted template that services to prompt FSG's forensic investigator who performs the FAI to complete each component of the scope of work of the FAI and informs client of exactly what information is produced as a consequence of performing a FAI.
bullet To instruct us, all client needs do is check a tick box alongside each component of the scope of work that is itemized. Alongside each such checkbox FSH has quoted either a fixed fee or our hourly investigation/auditing/risk management service tariff and has indicated how much time client must allow FSG to perform that component of the scope of work. The end result is that client can customise the FAI to his/her specific requirements and has the capacity to calculate for himself/herself what our fee is likely to be.

Information provided in the FAI report is obtained from databases that are in the public domain or to which we have access by subscription (including those referred to in the DATABASE INTELLIGENCE page of our website), is obtained by questioning various people and/or conducting certain periods of surveillance, and is obtained by consulting confidential informants who provide FSG access to confidential databases for the purpose of:

bullet Identifying the bank accounts of the subject of the FAI.
bullet If identified bank accounts are finance facilities, identifying the asset that is financed and ascertaining the settlement value of the finance facility.
bullet Obtaining current balances for identified bank accounts.
bullet Obtaining detailed statements for identified bank accounts.
bullet Accessing SARS databases to establish the likes of declared income and the source of such income, and whether or not the subject of the FAI is current with all obligations to SARS.
bullet Establishing the criminal record of the subject of the FAI (to assess the moral risk of dealing with the subject of the FAI, assuming this is one of the issues that client instructs FSG to assess in the process of performing a FAI).

It is to be noted that these latter records are obtained illegally, using confidential informants that we have established over a period of many years. Consequently, such records:

bullet Must remain strictly confidential between FSG and our client.
bullet Cannot be used directly as evidence in informal or formal proceedings unless client can find a way to subpoena these records.

The objectives of a FAI are to:

bullet Reconstruct a statement of assets and liabilities for the subject of the FAI.
bullet Reconstruct a statement income and expenditure for the subject of the FAI.
bullet Detail the credit history of the subject of the FAI.
bullet Assess the moral risk of entering into an agreement with the subject of the FAI.

If the subject of an FAI is a NATURAL PERSON who has shareholdings in ENTITIES, it is necessary to perform a FAI on each such entity to establish the value of the natural person's equity in such entities, and to perform an FAI on the natural person in which the value of equity in entities is included in the statement of assets and liabilities of the natural person.

Given the scope of work of FAI, and the cost or purchasing confidential records/information from confidential informants, FAI are not inexpensive and are probably only justified when the debt to be recovered or the value of the intended transaction with the subject of the FAI exceeds approximately R 350 000 if the subject is a natural person who does not have interests in entities, or is an entity, or R 500 000.00 if the subject of the FAI is a natural person who is a shareholder of entities.

Our terms and conditions for performing FAI are included in the Service Profiles for FAI, which can be downloaded from the SERVICE PROFILES page, or requested by EMAIL.

Fohla Security CC t/a FSG FORENSIC INVESTIGATORS & AUDITORS | TRACERS | RISK MANAGERS | GUARDS
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