Asset Tracing and Recovery
In today's connected world , the need for effective cross-border asset tracing has never been greater.
The proceeds of crime and irregular business activities are often hidden in convoluted corporate structures spread across multiple jurisdiction, with the aim of frustrating tax authorities, law enforcement agencies, creditors and the victims of fraud.
Identifying and recovering hidden assets can be complex, particularly where the legal systems are weak, obstructive or plain corrupt, which leads to uncertainty in the enforcement of foreign awards. Therefore, it is imperative, that those tasked with tracking down assets are fully versed in the methods used to hide assets and are used to operating in the jurisdictions in which they may be held.
Fortunately, with many years’ experience of successfully unravelling these offshore structures and working in inhospitable locations, our asset tracing specialists are well placed to help lawyers, accountants and commercial organisations to identify and recover misappropriated or laundered assets.
Not all asset tracing is so complicated; often a client will want to locate the assets of an errant spouse, ex-business partner, commercial debtor, or enforce a court order issued locally. Sometimes a pre-litigation financial profile may be required. In these cases, we will adopt the same focused, cost effective strategies used in larger cases, thus ensuring the best opportunity for identifying hidden assets and recovery if required.