Recovering Arrears of Rent and Loans on Two Aircraft
Discover how Kroll helped recover nearly $40 million for a lender to an Irish-based aircraft lessor who leased two aircraft to a Chinese airline, which then suffered a hit on their revenues during COVID-19.
The Challenge
In the fast-paced world of digital assets, a leading cryptocurrency exchange company encountered a formidable challenge. The company was navigating through a vast array of digital assets, each requiring rigorous scrutiny for compliance with financial crime regulations. Amid a bullish market, the company saw an opportunity to expand its digital asset investigation capabilities by swiftly evaluating and considering the listing of numerous new assets. The task at hand was not merely a compliance requirement; it was a strategic maneuver to meet market demands, diversify trading options and enhance revenue.
The challenge facing the cryptocurrency company was unique in its scale and complexity. The company’s objective was not just to assess digital assets but to conduct comprehensive due diligence on a global scale. This endeavor involved multijurisdictional aspects, intricate tasks and the need for specialized expertise with multilanguage coverage—an obstacle that proved challenging to overcome.
That's when the company called Kroll to step in and get to work.
Kroll's Solution
Recognizing the unique demands of the assignment, Kroll assembled, trained and scaled a team of expert digital asset due diligence researchers. These professionals were well-versed in financial crime compliance and possessed an in-depth understanding of multiple blockchain networks, blockchain data and the difficult technical aspects of digital assets. Their mission was crystal clear: Deliver high-quality, timely and cost-effective reports to support the compliant listing of digital assets on the client's exchange.
Kroll's success story began to unfold as the team adeptly maneuvered through the intricacies of the task. The team provided comprehensive reports and offered periodic due diligence updates. The key to this success was Kroll's extensive investigative resources, deep expertise in digital asset compliance and rich talent pool of analysts. This underlined our unwavering commitment to ensuring the client's success in the ever-evolving landscape of digital assets and financial regulations.