From Bitcoins to Offshore Havens: Asset Recovery Investigations and Worldwide Fraud Trends
|The business world continues to face a series of challenges on several fronts. Political and financial volatility has resulted in interrupted deals, contract cancellations and insolvency. Desperation for corporate survival, geopolitical instability and greed increase corporate malfeasance, unlawful movement of funds, bribery, corruption and fraud. On the other side, regulators in Asia, America and Europe urge that fraudsters and money launderers be held accountable for their duplicitous actions and the myriad consequences.|
|In particular, amid the rise of cryptocurrencies such as Bitcoin, transactions have become more complex and multijurisdictional. Since most fraudsters eventually “cash out”, even their cryptoassets must be transferred from Mt. Gox to offshore havens, such as the Caribbean, Panama, the Cook Islands, Dubai and Switzerland.|
|Any fraud investigation or asset recovery strategy therefore needs a global outlook and dynamic approach. With proliferating communication tools and data storage devices, together with new modes of transferring assets (including blockchain technology), traditional investigative approaches are rapidly becoming obsolete.|
Please join us for our seminar from Bitcoins to Offshore Havens at Duane Morris & Selvam in Singapore presented by Samuel Sharpe, Director, Duane Morris & Selvam LLP ,Don Aviv President, Interfor International and Benjamin Kunde CFE – Director of International Investigations, Interfor International.