As you would expect this leads to some overblown assumptions being made, and estimates of criminal benefit bearing no relation to the level of actual criminal wrongdoing that has been proven. … Read More
I am often called upon to present an explanation of the legitimate international money transfer framework that works outside of the mainstream banking system, a framework that is frequently hijacked by the criminals. In some cases this can lead to a complete acquittal … Read More
Sometimes I think that the concept of Ponzi fraud underpins the global economy, with national borrowing and international credit trading reflecting many of the hallmarks of the crime – only on a massive and seemingly acceptable scale! … Read More
Over the years I have been instructed in many cases that have involved some form of money transmission business commonly referred to as Hawala and sometimes Hawala Banking. … Read More
In a case where assistance is being provided to the criminal regulators in a financial matter, the forensic role can often be likened to that of a public sector auditor … Read More
Normally, with financial crime, the value that an expert accountant adds is to provide a level of moderation to a very adversarial playing field. As an independent witness, there is nothing to be gained from the outcome to the case … Read More
When I examine a business that has dealt in substantial amounts of cash, it can be hard to know that the accounting records seen are complete and accurate. … Read More
In conclusion, while it is important for a forensic accountant to be known for a number of specialisms (for example in my case being a Hawala expert, or an MTIC expert etc.) in reality a good practitioner is able to approach any case on the basis that it will be unique. … Read More
As a forensic accountant who looks at a dozen or so different confiscation cases each year, I notice a number of common themes … Read More
I found from that case that, if I had wanted, I could sign up to a particular web site, place an order for phones and then use the site to find a buyer. My risk? I would have to deposit £100,000 into an account at the Bank of Curacao … Read More
