Asset Tracing Case Studies
Asset Tracing is a process investigators call 'follow the money'. The investigation team trace assets using financial investigation techniques.
During this process, they will determine the target's assets and examine any revenue or income that has been generated by criminal activity.
TaskUS based company, having several key operations within Africa, identified an unusual increase in its third-party vendor costs at a number of its remote sites. They suspected that there was a potentially serious issue related to the inexplicable rise.
An investigation was conducted which covered several global locations. This resulted in the identification of significant assets of a senior manager indirectly involved in the contract. The evidence gathered supported the assertion that the manager had been paid to influence the contract award.
An Individual based in Canada invested a considerable sum of money with a financial broker. The investments were split between purported low and high-risk options in offshore entities. Following the individual’s death these investments became part of the estate left to his only child. However, no returns had been realised on the investments, as was expected.
A review of the investments was undertaken. Our investigators were able to ascertain that the broker had moved the funds through several shell companies set up in the British Virgin Islands (BVI). Working with several governmental and law enforcement agencies in a number of jurisdictions a significant portion of the money was recovered.