An extract from The Asset Tracing and Recovery Review – 8th Edition 2020

An extract from The Asset Tracing and Recovery Review, 8th Edition

Seizure and evidence

In situations where an organisation has reasonable grounds to believe that a borrower is resorting to fraudulent means, an investigation can be carried out to assess the existence of any foul play. This can involve extensive searches on various local and international databases, comprehensive public domain checks and checks on local government websites with a view to collating information and correlating it with financial data. In addition, a combination of strategies can be used to trace an asset. For instance, a money trail could be followed to trace the flow of an asset to its conclusion. In a reverse approach, discreet checks can be conducted on an individual who is the target of an asset recovery enquiry to gather intelligence on his or her lifestyle with an objective of understanding the source of funds for maintaining this lifestyle and tying it back to the asset under investigation. These strategies can be further extended to identify friends and relatives of the target and their corresponding holdings and directorships in other entities or companies. A correct blend of such strategies can yield excellent results even in cases where round-tripping is suspected. For …….. Read More

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