Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
KRyS Global partners with AssetMine Global

KRyS Global, a boutique fraud investigation and asset recovery firm, has partnered with AssetMine Global Inc to reunite Bahamian residents and companies with their unclaimed property located in jurisdictions around the world outside of The Bahamas. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, August 28, 2014
Thursday, August 28, 2014

ALT TAG HEREKRyS Global, a boutique fraud investigation and asset recovery firm, has partnered with AssetMine Global Inc to reunite Bahamian residents and companies with their unclaimed property located in jurisdictions around the world outside of The Bahamas.

Unclaimed property is the term given to financial assets that have not been collected by their owners after a legally defined period of time.

These assets could be in the form of dormant bank accounts, tax refunds, uncashed checks, insurance or pension policies, stocks or brokerage accounts, and inheritances, among others.


Edmund Rahming“We have begun our first phase of contacting those who we believe to be owners of unclaimed assets that have been identified by AssetMine. Our team uses a multi-stage research process into publicly available databases across the world, which include cross-references at every step to eliminate non-owners. We are contacting only those whom we consider likely to be the rightful or legal asset owner,” says Edmund Rahming (left), managing director of KRyS Global’s Bahamas office.

Governments frequently report these claims as having a “not stated” values, so the total amount of unclaimed assets belonging to Bahamas residents is currently unknown, but AssetMine’s team has evidence the figures are growing.

Darren Jack“The unclaimed assets that have a known value for Bahamas residents and companies are in the millions of US dollars,” says Darren Jack (left) of AssetMine and chairman of a task force for the Unclaimed Property Professionals Organization.

“Our experience in other countries indicates that a significant number of these unclaimed assets could have significant value.”

Amounts that have not been disclosed remain hidden until the legal owner has initiated a claim due to the regulations of the state or country that it is being held in. These amounts can only be confirmed when the claims process has begun.

“We are excited about this initiative and the value it can bring to Bahamian residents, companies and the government,” says Rahming. “We are assisting clients in locating assets that in most cases they never knew existed.”

Assets can go missing for a number of reasons: change of address or lost mail; incorrect spelling of contact information being recorded; wills not being left or beneficiary details not being up to date; or checks not being deposited into the owner’s account.

Prime Minister Perry Christie led a high-level delegation to the opening of the new SLS Las Vegas hotel this week. SLS has recently partnered with the Baha Mar megaresort on Cable Beach in The Bahamas.

Popeyes Louisiana Kitchen has announced its title sponsorship of one of college football’s newest bowl games, the Bahamas Bowl. The Popeyes Bahamas Bowl will be played December 24, 2014 in Nassau, Bahamas at noon EST inside Thomas A Robinson National Stadium. The game will feature teams from Conference USA and the Mid-American Conference, and will be televised live on ESPN.

The Bahamas Investor
Administrative Links
  


  © 2017 ETIENNE DUPUCH JR PUBLICATIONS LTD