Fraud and asset tracing
The extraordinary financial developments of recent times have
resulted in a marked growth in fraudulent behaviour. The number of
fraud cases has reached record highs according to a recent KPMG
In the current regulatory climate many businesses have
discovered anomalies in their finances or contracting arrangements
that raise the suspicion of fraudulent activity by employees or
directors. Companies require practical guidance from experts who
can provide advice on how to investigate a suspicion of fraud and
make use of the court’s powers to provide emergency injunctive
relief, and recover the proceeds of fraud.
The ease of cross-border transactions means that most
sophisticated frauds now involve multiple jurisdictions and
co-ordination of international asset tracing is high on the agenda.
Businesses are also increasingly facing regulatory investigations,
money laundering and corruption issues.
We are unique amongst our peers in having a dedicated practice
for fraud and asset tracing. The team is highly experienced in
commercially complex, high value fraud cases and global asset
We have very significant experience of obtaining worldwide
freezing orders from the English Court in support of domestic and
foreign proceedings. We can also obtain a disclosure order which
requires the Respondent to provide details of their assets
including their value and location.
We are experts in coordinating asset tracing and the enforcement
of freezing orders worldwide with particular experience in Europe
and well known tax havens.
We are emergency relief and rapid response specialists, and the
majority of claimant cases involve freezing orders, search and
seizure orders, passport orders or other similar relief. We
also have an expert understanding of the interplay between multiple
linked proceedings, arising in fraud cases - civil, criminal,
regulatory and disciplinary.
We have considerable experience in:
- international financial fraud
- international asset tracing
- employee fraud
- cross-border fraud
- trade fraud