Prevention of Credit Fraud
Company S approached Company A for acquiring a number of electronic items and paid the first two deliveries on COD basis for a total amount of about $150,000. After the two transactions, Company S asked Company A for a line of credit for 60 days.
Company S then placed a purchase order of $1.5 million in value. Goods were delivered to Company S, but no payment was received after 60 days. Company S moved out from their registered address and responsible persons disappeared.
After using eCML (creditcheck.com.hk / creditcheck.hk) service, Company A noted that Company S and a few of its directors appear on the creditcheck.com.hk record to have involved in previous litigations and criminal cases. Had Company A used the creditcheck.com.hk service prior to offering credit to Company S, they might not have suffered the loss.
Valuation of Contractor/Supplier
Company X engaged individual A to produce a video advertising for the company’s product. A was paid two installments for the production but failed to turn up thereafter.
Company X engaged creditcheck.com.hk service and noted that A and his father’s company were involved in previous claims by other companies.
eCML assisted Company X to locate A via offline service. Eventually A returned all the completed copies of the video clippings to Company X and agreed to refund certain amount of deposits to Company X. If Company X had engaged with the creditcheck.com.hk service in advance, they would not have wasted the time in A for their video project. Fortunately, their late engagement of eCML service has helped them to locate A and recovered most of their loss.
Prevention of Insurance Fraud
Law Firm P has always engaged with the creditcheck.com.hk service. They represented an insurance company which was claimed by K, one of the policy holders, for Personal Injury (PI). Law Firm P found that K was involved in a number of PI cases over the past few years and aroused their suspicion. Eventually, the case was referred to the Police to follow-up, identifying K as a habitual PI claimer who made dishonest claims against insurance companies.
Recruitments
HR Company H has been using the creditcheck.com.hk service as their first line screening and background check on job applicants as well as employers to ascertain whether job applicants’ background would fit into the selection criteria and the creditability of employers. Likewise, job applicants may use creditcheck.com.hk to check if the employer company and/or its directors/shareholders are genuine or have any prior history of labour tribunal cases.
Tenancy
Real Estate agents/landlords may use creditcheck.com.hk service to possibly minimize the risk of renting the unit to the potential tenant (subject person or company) notoriously evades rent payment should such tenants involved in earlier tenancy dispute cases.
Security Personnel
Recruitment and monitoring personnel engaging in security functions of an organization, residential estates and/or commercial buildings about their involvements in litigations, if any, may minimize security risks. We provide a monitoring function to assist security companies’ risk management at first level by placing their high risk personnel in a monitoring system to alert the company whether any of this group of personnel was involved in any court case from time to time.
Members/Officers of Owners Corporations and Committees
Vetting and monitoring the involvement of such members and officers about their involvement in bankruptcy/winding-up applications and related litigations and any other court cases, if any, as required under the Building Management Ordinance. Again, monitoring is important.
Personal Needs
Parents, as individuals, for example, may be able to check if the tutor concerned has involved in any criminal cases, especially involving sexual offences and indecency before engaging him/her to teach their children.
