The latest news and analysis from or related to Sandstone Luxembourg.

Friday, July 17, 2009

Fkpt. d.R. Heinz Merz joins Sandstone

Heinz Merz studied economics at the University of Trier and has served as an Officer of the Bridge and mine diving officer on board several ships in the German Navy.

He has more than 12 years experience in sales, customer service and customer relationship management with international consultancy companies in Luxembourg and has worked extensively for special projects with Banks, Fiduciary Companies, Public Accountants, Insurance companies and in the logistics and shipping industry. He is also a licensed Maritime Affairs expert and brings significant maritime know-how to Sandstone's OSINT capability.

Heinz will focus on development of the Sandstone KYC product line. Sandstone KYC in an online compliance, risk and fraud management solution for screening your clients and partners, to verify the identity of your client companies and to conduct consistent background checks on individuals. Know Your Client!

With the rapidly changing and new regulations in finance, Mr. Merz expects an increasing need for international due diligence and identity verification tools that give responsible compliance managers the confidence that they are doing business with the right customers – every time. “We are well organized and prepared and would be pleased to explain to you how we can support you working in compliance with the law. ”

Thursday, July 9, 2009

Sandstone and MyOfficialStory Team Up


Sandstone and MyOfficialStory have the pleasure of announcing a partnership between the two companies.

MyOfficialStory is a Luxembourgish innovation enabling businessmen and companies to control their image in on-line and print media. The company groups more than 1,100 users – of which most are C level executives – together with an innovative and patented system permitting them to automatically create professional quality PR media support (Magazines, books, brochures, web sites…) without special software or assistance.

Sandstone is a due diligence company based in Luxembourg. The founders of Sandstone are former intelligence and security professionals. To deliver due diligence and verification of information, they use state of the art technology and an international network of contacts and partners. Because you need to know.

The partnership allows any individual or any company to verify the documents they are preparing to broadcast. Sandstone The label indicates the level of verification that has been done and you can view the research reports.

Case Studies

CV Vetting
Through this cooperation, MyOfficialStory users can have their CV validated by Sandstone before circulation. This third party vetting adds value for job seekers, managers, human resources professionals and head-hunters.

International Transparency
With the acceleration of cross-border and transcontinental trade, the need for transparency becomes crucial. To facilitate the process, businessmen can check the documents of their choice in all languages and can then provide a rapid, complete and unquestionable references to their counterparties (CVs, reports, press articles, personal survey ...)

For more information, please contact www.sandstone.lu or www.myofficialstory.com

Thursday, July 2, 2009

Croatia: Regime change ... or not.

Ivo Sanader - credit wikipedia

The surprise resignation and “retirement” of Sanader as Prime Minister should come as no surprise to many, especially those from within his own party. Sandstone believes that overbearing pressure coming from many areas finally paralyzed Sanader thus making his resignation the best option for his party and for his eventual return to power.

Although eager to please and adroit at maintaining favorable press coverage, Sanader’s promotion of Croatia’s cooperation with the Hague tribunal and his dedication to the admission of Croatia into the EU resulted in many vows that will be difficult, if not impossible, to implement in practice, especially considering the general opposition within the majority of voters of his own Croatian Democratic Party (HDZ) to the absolute cooperation with the Hague Tribunal and to the EU requirements process.

Furthermore, the general public opinion in Croatia and her neighbors is negative towards each other and there remain open issues with respect to borders and energy, notably with Slovenia, that will make Croatia’s entry into the EU difficult. The open press speculation that Slovenia will block Croatia’s entry into the EU has only exacerbated the problem for Sanader.

Internally, Croatia has let politics override the sensible investment of public funds. These investments and the commitments of the Croatian government have led not only to an near imminent crisis in the Croatian economy but also to public distrust of the handling of public funds. This has manifested itself in a general fear that the planned privatization of Croatia’s shipyards, a national industrial symbol, could be handled in a corrupt manner that would lead to job loss and misuse of public funds. Sanader is suspected of being involved in some corrupt deals: notably the purchase of trucks for the Croatian Army and a scandal relating to the prostitution of young girls in state foster care has happened during his tenure and coincided with the replacement of the chief of police which effectively preempted any investigation.

On a personal level, Sanader has been very active and very dynamic lately and may be genuinely “tired”. There is also some speculation that his resignation is due to organized elements forcing him out with evidence of his and his party’s involvement in corruption.

As reality diverged from the platform on which Sanader positioned himself, the pressure to find a way out of the situation became increasingly great and therefore we see this drastic, although logical, measure being used by the HDZ to retain power and possibly even gain traction at the end of the year.

In the coming weeks a new government will be formed, probably led by Kosor. However, the soft tourist season, the end to the construction season, and the continued economic decline will probably lead to autumn strikes and public disorder. This will be a pretext for extraordinary parliamentary elections that would benefit the HDZ at that time. The opposition Croatian People’s Party (HNS) and President Mesic most likely recognize this and may call for immediate parliamentary elections.

In effect, with his resignation Sanader is taking many of the problems his party faces into the background with him in an attempt to pave the way for their continued strength and his own eventual resurgence – possibly as an independent candidate in a fall election.