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Press Release

Philippines Investigation Business Stable with Fraud Cases

PR Newswire

JACKSONVILLE, Fla., March 5, 2013 /PRNewswire/ -- Philippine PI™, a private investigation and background check company specializing in the Philippines and Southeast Asia, reported today that the private investigation business has remained in a stable growth mode due, in part, to a high risk for fraud in the region.  The private investigation industry in the Philippines, Malaysia and Singapore is a mature market, but management expects 2013 to be the firm's 7th consecutive year of growth since inception.  A growing risk for fraud has helped fuel the company's long term growth.

For companies and individuals involved in relationships or investments in the Philippines, most are now aware of the risk.  As a result, more clients are seeking out the help of a reputable Philippines investigation or background check company to minimize the risk.  Management expects the trend of fraud cases to continue to rise or stay stable, as economic conditions in the Philippines remain poor, and law enforcement has yet to effectively deal with the crime problem.

Among the fraud cases reported frequently at the NBI (National Bureau of Investigation) in Manila are romance scams, identity theft, marriage fraud, fake employment offers and investment scams.  While there have been some notable arrests in recent months against organized crime in Manila with ties to Taiwan and China, the overall fraud and risk level persists in the country.

Despite a historically high level of competition among Philippines investigators, management expects only 1 to 3 actual companies to be left by 2015.  Because fraud can even take the form of a private detective, many clients opt to go with a U.S. or U.K.-based company with operations in the Philippines.  Based in Florida with highly trained investigators on the ground in Manila, Cebu, Kuala Lumpur and Singapore, Philippine PI™ has benefited from the move towards quality.

The company is focused on long term growth.  "More clients are relying on our due diligence and dating background checks to lower their risk in the Philippines," said William J. Carter, Vice President of Private Investigations.  "By focusing on quality service, and professional investigators with experience in law enforcement or military, we've been able to secure our future."

About Philippine PI™

Philippine PI, LLC is a leader in professional background checks and private investigations in the Philippines.  Confidential services include dating background checks, surveillance, asset searches and due diligence.  The firm is verified by Truste, McAfee, and the U.S. Better Business Bureau.   

SOURCE Philippine PI

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