Tracing of hidden assets

Description

The proliferation of electronic communication, the ability to make quick accounting and banking transactions via electronic means, identity theft and the creation of fake identities are all making it easier to transfer organizations’ assets to third parties. The recent economic recession, and the rapid rise in insolvency proceedings and subsequent dissolution of companies have brought about another negative phenomenon – the growing incidence of insolvent companies concealing their assets. In these cases, assets are illegally concealed or their value decreased, , irreversibly damaging the creditor’s rights to the discharge of their debts and recovery of their funds.

Our procedures

Asset tracing entails thorough gathering of information, including not only internal accounting records and company documentation but mainly information about third parties, business partners and individuals involved in irregular transactions. The utilization of forensic technologies (i.e. data tests and analyses) in combination with advanced forensic accounting techniques plays an important part in these efforts.

Our investigation involves tracing the company’s assets, obtaining evidence of unauthorized siphoning or devaluation of assets, and helping with asset recovery.

In our work, we can rely on a network of cooperating organizations which are expert in their fields. With their help, we can obtain information and locate illegally transferred assets anywhere in the world.