** Product Highlight of the Month **

Total Asset & Credit Search (TACS)

Our Total Asset & Credit Search (TACS) is an essential tool which has been designed specifically to assist in tracing a Target¡¦s (individual or company) asset, credit and business status, history, background as well as contact points

It comprises 7 unique searches including:

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ACA International 75th Anniversary Convention & Expo - Chicago, IL, USA

ACA International will hold its 75th Anniversary Convention & Expo at the Hilton Chicago, Illinois, USA on 23-25 July 2014. ACA's Annual Convention is the premier industry event for credit and collection professionals, and this year¡¦s event will be ACA's grandest, most dazzling event in their history.

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Global Credit Solutions (GCS) 2014 Annual World Conference ¡V Dubai, UAE

GCS will hold its annual world conference on 20 ¡V 22 October 2014, in Dubai, UAE.

The elegant, luxurious and conveniently located 5-star luxury Sofitel Dubai Jumeirah Beach Hotel has been chosen as the conference venue hotel.  Set amid the shops and cafés of Dubai's The Walk, Sofitel Dubai Jumeirah Beach artfully blends Arabic design features with exquisite French elegance.

The conference will cover topics such as the new Global Compliance Requirements Program (GCRP), Sales Strategy, Corporate Marketing, as well as Regional Reviews.

Delegates have been assured that they will be visiting some of the city landmarks such as the Dubai Mall (World's Largest Shopping Centre), the traditional souk districts located on either side of the stream and the Burj Khalifa (Khalifa Tower), currently the world's tallest building at 829.8 m (2,722 ft) with more than 160 stories. 

Representing Total Credit at this year¡¦s conference will be Benedict Wong, our President & CEO, and Peter Wong, our Director - Business Development & Compliance (and also currently GCS Regional Director ¡V APAC).

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The World Association of Detectives, Inc. (WAD) 89th Annual Conference ¡V Auckland, New Zealand

The World Association of Detectives will be celebrating its 89th Annual Conference in Auckland, New Zealand on 21 ¡V 26 October 2014.  For many, this is a once in a lifetime opportunity to visit the mysterious and beautiful country of New Zealand, while learning and networking with some of the best Private Investigators and Security Professionals from around the globe!

This conference is one of two events hosted by the WAD annually - the other event is a mid-term meeting.  This conference is expected to be continue its international platform with representation of WAD members from around the world, to share thoughts, developments, knowledge and successes, while strengthening relationships with industry players to promote international business. Coupled with a distinguished panel of speakers presenting their expertise, perspective and experience, Auckland 2014 is poised to be a great meeting not to be missed.

The Skycity Auckland Convention Centre which is conveniently located in the heart of New Zealand¡¦s premier entertainment destination and is recognized as one of the premier event destinations for both international and local multi-day events, has been chosen as the conference venue.  With world-class facilities, expert staff and unrivalled recreational opportunities including a world-class casino, a multitude of bars, award-winning restaurants and the iconic Sky Tower, the Skycity Auckland Convention Centre has been custom designed to deliver the best experience to delegates.

Total Credit & Risk Management Group (GCS Hong Kong)
Since our incorporation in 1987, Total Credit & Risk Management Group is the leading provider of global credit & risk management services with a focus on Greater China (Hong Kong, China, Taiwan, Macau) and the Asia-Pacific region.

Total Credit & Risk Management Group provides the full range of services, from global real-time business & credit information, receivable management services to background investigations, due diligence and pre-employment screening.

Our clients include government departments, banking and finance institutions, export credit agencies, accountancy and legal firms, utilities, distributors, freight forwarding and logistical firms, hotels, importers and exporters, business associations, construction firms, foreign trade commissions and companies operating in the gaming, leisure and entertainment industry.

In the industry, we are founding members of:
 
Global Credit Solutions (GCS) Group
Total Credit & Risk Management Group
Asiagate
Hong Kong Credit And Collection Management Association (HKCCMA)

And members of:
 
ACA International, USA
Institute of Mercantile Agents (IMA), Australia
National Association of Legal Investigators (NALI)
World Association of Professional Investigators (WAPI)
World Investigators Network (WIN)
World Association of Detectives, Inc. (WAD)

Our expertise, know-how, network, advanced technology support and 25 years + comprehensive databases distinguish us in the market.

ACA International Profile
ACA International, the Association of Credit and Collection Professionals, is the comprehensive, knowledge-based resource in the credit and collection industry.

Founded in 1939, ACA brings together more than 5,000 members worldwide, including third-party collection agencies, asset-buyers, attorneys, creditors and vendor affiliates.  The association establishes ethical standards; produces a wide variety of products, services and publications; and articulates the value of the credit and collection industry to businesses, policymakers and consumers.

NALI Profile
NALI was formed in 1967 for legal investigators actively engaged in negligence investigations for the plaintiff and / or criminal defense.

NALI¡¦s primary focus is to educate and advance the art and science of legal investigation, and to ensure the highest standard of professional ethics.  This common bond establishes mutual trust, goodwill and friendship among their members, which currently exceeds 500 professional legal investigators located throughout the USA and other countries.

IMA Profile
Established in 1961, the Institute of Mercantile Agents Limited (IMA) represents collectors, investigators, process servers and repossession agents throughout Australia.  Elected members networked across Australia work on matters of licensing, privacy, training and ethics affecting members.

WAD Profile
With origins dating back to 1921, W.A.D. is the longest established and largest association of its kind in the world.
 
The World Association of Detectives was formed as a joint venture by the combined membership of the World Association of Detectives and the International Secret Service Association and remains the foremost International Association of Professional Investigators and Security Service organizations.

GCS Profile
GCS has a commitment to being at the forefront of technology ensuring that we utilize that advantage to enhance the efforts of our qualified staff.  Global Credit Solutions Limited originated in Australia, with the foundation company Total Credit Management Services Pty Ltd, and expanded offshore to Asia, Europe, Middle East, Gulf & Americas. The company was incorporated, to provide the infrastructure for a planned and sustained growth, in the vital area of Global Credit Management services. The company now operates around the world, providing premium services to its ever-increasing list of high profile clients.

GCS provides offices on the ground - Collecting and litigating overseas can present many problems. A multiplicity of regulations in each of the hundred or more jurisdictions around the world mean it is impossible to manage risk efficiently and expertly from a single location - there is no substitute for local knowledge. GCS provides expertise in the legal system, rules of enforcement, customs and practices which eliminate risk and create a level playing field upon which to trade.

Today, GCS is recognized by the International business community as experts in the fields of credit management, debt collection, credit reporting and risk management services.

Asiagate Profile
Asiagate was formed by a group of well-established and prominent credit reporting agencies in Asia knowing the importance of the growing economy in Asia and the need to protect investors and businessmen. Asiagate provides the widest coverage of corporate credit information in Asia and its country members are specifically selected based on their size, establishment, integrity and reputation from each country. Currently, its members covers China, Hong Kong, India, Indonesia, Korea, Malaysia, Singapore, New Zealand, Australia, Taiwan, Thailand, Vietnam, Philippines and Kenya. 
 
Asiagate is also working on the integration with the renowned international credit information networks such as Eurogate and BigNet in order to create the largest credit information network in the world.

     Further to the external merchandise trade statistics in value terms for March 2014 released earlier on, the Census and Statistics Department (C&SD) released today (May 15) the volume and price statistics of external merchandise trade for that month.

  >>>>>[Read more]


Credit card lending survey results for first quarter 2014

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) published today (May 15) the credit card lending survey results for the first quarter of 2014.

     Total card receiv >>>>>[Read more]


SFST's opening remarks at meeting of Bills Committee on Stamp Duty (Amendment) Bill 2013

     Following is the English translation of the opening remarks by the Secretary for Financial Services and the Treasury, Professor K C Chan, at the meeting of the Bills Committee on Stamp Duty (Amendment) Bill 2013 of the Legislative Council today (May 13):

Chair >>>>>[Read more]


Upgrading of Mashreq Bank - Public Shareholding Company to a licensed bank

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority announced today (May 9) that the Monetary Authority has upgraded Mashreq Bank - Public Shareholding Company's (MB) restricted banking licence to a banking l >>>>>[Read more]


Hong Kong's Latest Foreign Currency Reserve Assets Figures Released

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) announced today (May 8) that the official foreign currency reserve assets of Hong Kong amounted to US$317.8 billion as at the end of April 2014 (end >>>>>[Read more]


Residential mortgage loans in negative equity March quarter 2014

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority announced today (April 25) the results of its latest survey on residential mortgage loans (RMLs) in negative equity*.  

   & >>>>>[Read more]


Wage and payroll statistics for December 2013

Overall wage and payroll statistics

     According to the figures released today (March 27) by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 4.1% i >>>>>[Read more]


Hong Kong's Gross National Income and external primary income flows for.............................

Hong Kong's Gross National Income and external primary income flows for the fourth quarter of 2013 and the whole year of 2013

     Preliminary statistics on Hong Kong's Gross National Income (GNI) and external primary income flows (EPIF) for the fourth quarte >>>>>[Read more]



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By HireRight On May 5, 2014 -  In Employment Background Checks

Hiring top talent and minimizing the risk of bad hires are essential goals for all organizations. After all, employees are the face of organizations to both customers and the world, and high-caliber employees who deliver on their commitments are a keystone of building great organizations.

Creating effective hiring practices, including employment screening, are an investment in growing a successful and efficient organization and may help prevent future issues including brand damage, risk and exposure, and help you improve your quality of hire.

Employment Background Screening Helps Improve Quality of Hires

Over the last two decades, employment background screening has become common practice in organizations of all sizes and in nearly all industries to help improve the quality of hires. Human resources and related professionals responding to HireRight¡¦s 2014 Annual Employment Screening Benchmark shed light on some of the benefits received from conducting employment screening.

HireRight discovered that nearly all respondents (93%) reported that they received benefits from conducting employment screening, and 56% said the top benefit was improved quality of hires.

This is an important finding, as the U.S. Department of Labor cites that the cost of a bad hire can exceed 30% of the person¡¦s annual salary. So for an employee making $25K per year, the cost of a bad hire could be $32,500. For an executive making $200K per year, the cost could be $260,000.

In the United States, 27% of employers reported the cost of a bad hire exceeded $50,000. Monetary costs of a bad hire can include recruiting, on-boarding, training, and possibly severance.

This amount does not account for non-financial costs, which could be higher, such as employee morale, interruptions to workflow, the impact on customer relationships, negative perceptions among existing employees, service quality and brand reputation, and possible damage to a company¡¦s reputation.

In addition, transportation organizations were particularly vocal that background screening improved their quality of hires, as 70% of respondents cited this as a benefit.

Background Screening Helps Confirm Information and Credentials Provided

One of the reasons an employer performs background screening is to confirm information supplied by a job candidate.

Respondents were asked whether background screening had ever uncovered an applicant who lied or misrepresented information. An overwhelming 88% said yes.

Fifty-two percent of respondents also cited the key benefits of employment screening were improved safety and security.

Effective screening at the time of hire can help mitigate an organization¡¦s risk for a number of factors including workplace violence, theft, and other security concerns.

Nearly three-quarters of respondents (72%) reported that background screening uncovered issues that would not otherwise have been found.

What benefits has your organization realized from background screening?

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