Exiger Launches Immigration, Citizenship & Visa (ICV) Due Diligence Practice with the Acquisition of the Canadian Subsidiary of IPSA
NEW YORK, LONDON, HONG KONG, May 1, 2017
Exiger, the global regulatory, financial crime, risk and compliance company, announced today that it has launched its Immigration, Citizenship & Visa (ICV) due diligence practice with the acquisition of IPSA’s Investigative Due Diligence Practice. The acquisition includes IPSA International, Inc., IPSA’s Canadian subsidiary located in Vancouver, BC (IPSA Canada) and IPSA’s London, Hong Kong and Miami offices and employees.
For the past 15 years, IPSA Canada has principally performed due diligence related to immigration, citizenship and visas. IPSA is considered an industry pioneer in work related to Citizenship by Investment programs and a trusted leader relied upon by many of the largest and fastest growing programs in the world.
Exiger’s ICV Due Diligence Practice will be part of Exiger Diligence, Exiger’s subsidiary that provides global public records research and investigative due diligence to leading financial institutions, multinational corporations and governmental agencies. Exiger’s office in Vancouver will be the epicenter of Exiger’s ICV Due Diligence Practice. It will also serve as a full-spectrum diligence research and delivery center that will work in conjunction with Exiger Diligence’s offices around the world.
“The ability to seamlessly travel, work and live in our world has changed dramatically”, said Michael Beber, Exiger’s President and CEO. “Heightened security in the U.S. has led to the potential for ‘extreme vetting.’ In addition, the prospect that visa-free travel may be limited between the U.S. and the EU has emerged. Recently, there were investigations of U.S. EB-5 programs for misuse of investor funds and the improper obtaining of Green Cards by criminal elements. These trends are driving increased demand for best-in-class due diligence that provides transparent insight into reputational, financial and security risks.”
“With this acquisition, Exiger becomes the market leader for Immigration, Citizenship, & Visa due diligence services”, said Taylor Twining, Exiger Diligence’s President. “By leveraging Exiger Insight, our industry leading secure portal, and DDIQ, our cognitive computing and intelligent search platform, we will be able to bring new due diligence capabilities to IPSA’s clients. Together, we now have over 80 investigative researchers, fluent in over 25 languages, ensuring that our clients receive the highest-quality, scalable and cost-effective due diligence solution in the market today. I am very excited to welcome and work alongside our IPSA colleagues”.
“It’s through the highest quality due diligence, insight and transparency that programs gain and sustain credibility. IPSA has been providing the resources to help countries improve their programs, standardize procedures and have the highest level of due diligence, and we will continue to do so as part of Exiger”, said Kenneth (Kim) Marsh, President of IPSA who will become Exiger Diligence’s Vice Chairman and Global Head of the ICV Practice. “Exiger’s reputation and industry-leading technology will allow our team to provide the next level of services to existing and new clients including secure data management with Exiger Insight and constant monitoring and diligence refresh with Exiger’s DDIQ. We look forward to joining our colleagues at Exiger Diligence and the entire Exiger team”.
Exiger is a global regulatory and financial crime, risk and compliance company. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger works with clients worldwide to assist them in effectively managing their critical challenges while developing and implementing the policies, procedures and programs needed to create a sustainable compliance environment. A global authority on regulatory compliance, the company also oversees some of the world's most complex court-appointed and voluntary monitorships in the private and public sectors, including the monitorship of HSBC. Exiger has four principal business units being: Exiger Advisory; Exiger Analytics; Exiger Diligence and Exiger Insight 3PM. Exiger operates through offices in New York City, Silver Spring (DC Metro), London, Hong Kong, Toronto, Singapore, Miami and Vancouver. For more information on Exiger, please visit www.exiger.com
About IPSA International Services, Inc.
IPSA International Services, Inc., a wholly-owned subsidiary of root9B Holdings, is a leading provider of Regulatory Risk Mitigation Services. The Company delivers results that improve productivity, mitigate risk and maximize profits. Its clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state and government agencies. For more information, visit www.ipsaintl.com