The Institute for Economic Security – Daniel Schmidt e.K. is a privately owned and officially registered debt collection agency. The firm is led by its owner, Daniel Schmidt, Mag. iur., who has been active in the field of debt collection since 2009.

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Mr. Schmidt has gained extensive hands-on experience handling a wide range of cases both domestically and internationally. Over the years, he has built deep expertise in debt recovery. He holds a Master of Laws (Magister iuris, abbreviated Mag. iur.), awarded by the prestigious Heidelberg University (Ruprecht-Karls-Universität Heidelberg) upon successful completion of his law degree.

His clients are based across Europe and Asia. When necessary, Mr. Schmidt works closely with a trusted network of international attorneys and credit reporting agencies to manage cross-border cases efficiently.

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From the beginning, the firm has focused on international B2B debt collection, particularly involving outstanding receivables in import-export transactions between Asia and the EU, as well as complex cases of international fraud within Europe.

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Another key area of focus is due diligence and Know Your Customer (KYC) screenings for companies. These services are designed to significantly reduce—if not eliminate—the risk of threats such as corporate identity fraud. This includes verifying company data, assessing creditworthiness, retrieving detailed financial reports from both domestic and international credit bureaus, and monitoring payment behavior.

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In addition, compliance checks can be performed when needed—such as screenings for politically exposed persons (PEPs), sanctions list matches, or comprehensive background investigations (deep dives). These are especially valuable in suspected fraud cases involving sectors like import-export or cryptocurrency investments, where targeted and in-depth research is critical.

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Mr. Schmidt has long-standing professional collaborations with specialized law firms across Germany, the broader EU, the United Kingdom, the United Arab Emirates, Ghana, Kenya, and China.

Clients affected by economic crime can greatly benefit from this well-established international network. Our clientele regularly includes medium-sized businesses, creditors involved in commercial activity—such as medical practices—and private individuals and consumers.