Fraud Basics

Recovering illicit assets offshore might become a bit easier

Islands' laws could aid investigations



The British Overseas Territories (such as The Cayman Islands) and the British Crown Dependencies traditionally have been jurisdictions fraudsters use to hide proceeds of crime. However, recent legislation on the Islands could make it easier to conduct investigations into fraud and white-collar crime.

A fraud investigator obtains access to the bank statements of a company and discovers a wire transfer to another company in the Cayman Islands. The investigator knows the second company is located in a known tax haven and black hole when it comes to finding information about it. Has the investigation hit a dead end? No. The investigator has several options to identify who received the benefit of those monies.

Since I taught a breakout session on recovering illicit assets offshore at the 27th Annual ACFE Global Fraud Conference in 2016, I’ve seen several developments in offshore jurisdictions that will make investigating fraud and collecting information on corporate entities easier and more fruitful. However, it might also mean that those who aren’t willing to be transparent are moving their operations to less-transparent jurisdictions.

For the purposes of this column, I make a distinction between the British Overseas Territories — which includes the Cayman Islands, the British Virgin Islands and Bermuda — and the British Crown Dependencies — which include Guernsey, Jersey and the Isle of Man.



For full access to story, members may sign in here.

Not a member? Click here to Join Now. Or Click here to sign up for a FREE TRIAL.


 Your Rating:
Your Review:
  
Reviews
 
By Anonymous
The fact about binary investment is the same old story, knowledge is key and information is power, those will never get old, I'm not the type that will get conned and when that happens I don't go down without a fight, this time though, they almost did get away with, thanks to Alliedrecovery for their intervention in getting me out of this mess of an investment. I've had several professionals help me in situation but this was a new challenge to no avail. I contacted contact @alliedrecovery . org, did what was necessary and they worked quite quickly, best part is how they don't require upfront payment or deposits to help, I'm just glad I got my money fully refunded or call : 14253121045
 
By Anonymous
I initially invested a total of $1,050,000 over a period of 5 weeks with my broker. My bonus/profit was $8,300,000, every attempt to make withdrawal failed and I was instructed to make another deposit of $250,000 before I can make withdrawals which I did. Up till now, I’m still unable to make withdrawals and all attempt to contact broker has failed. This is very pathetic and I felt so bad losing my investment. I did a due diligence test before investing with them but guess what I ended up getting burned. This is to create awareness, not everybody can be as lucky as I was. I’m saying this because I was able to recover my funds. Thanks to a recovery specialist, they are private investigator and wealth recovery experts…Contact them via mail for more inquiries Fastfundsrecovery@Protonmail.com , Thought someone might find this information useful.
 
By Anonymous
RECOVERY OF STOLEN BITCOIN RECOVERY OF LOST MONEY TO SCAMMER LEGIT RECOVERY EXPERT REFERRAL Have  you ever been a victim of a scam?  or have you lost your money to fake hackers online? I implore you to contact this trustworthy hacker and   recovery expert QUADHACKED@GMAIL.COM , I was a victim of fake people posing as  binary options and bitcoin investors,  I lost a sum of $4,000 and 2BTC from my bitcoin wallet to these fakes. It took a while before I realized they were scams and this really hurt .Then an in-law of mine heard about it and recommended to me a specialist with the address -  QUADHACKED@GMAIL . COM  . He helped me recover my lost bitcoins  in less than 72hrs  and the fakes were caught and made to pay for what they did to me .if you have lost any amount to online scams and you're seeking to recover LOST FUNDS from wallet hackers, fake hackers,  online dating scams, BTC wallet hack, recovery of lost funds from fake binary investors  .Reach out to Quadhacked  to help you ,and you will be so glad you
 
By Anonymous
It’s a question you wish you didn’t have to ask, but it’s a necessary one if you’ve been scammed. I’ve seen my fair share of internet scams over the years, so I know how it feels. The good news is, I also know some practical ways you can go about getting your money back from the scammers. There are many types of scams online. From your typical ‘get rich quick’ scams, to investment and dating scams. The list goes on and on. You name it, there’s probably a scam for it. But regardless of what type of scam you’ve fallen victim to with the right information you’ll be able to recover your funds back. It can be an absolutely terrible feeling when you get scammed online, especially if it’s your first time. But you can get it back if you follow the guidelines I’ll show you. Firstly, when you notice you’ve been scammed online or involved in online fraud one way or the other and in the process you lost your funds, the first thing you’ll need to do is contact any law enforcement agency close to you. The chance of law
 
By Anonymous
Hi.I ran over a generally excellent Programmer Goatse Security. They have assisted with a ton of issues like Telephone Hack, Record Hack, Clear Obligations, Evaluation update, criminal records help E.t.c They have spared my life, Contact: sgoatse@gmail.com Text 1(205)900-0668 or WhatsApp 1(512)677-5856 GoodLuck.
 
By Anonymous
Hello everyone, I want to testify about Luis Carlos who help me invest my bitcoin and made me who i am today, i never believe in bitcoin investment till i met Luis Carlos, I saw so many testimony about Luis Carlos helping people to invest their bitcoin, So i decide to contact him and invested $500 and after 7 days i receive my profit of $5,000 on my bitcoin wallet, Ever since i have been investing with them and i always receive my profit without any delay, so if you want to invest your bitcoin, Luis Carlos is the best trader you can invest with and getting your profit is guarantee, So if you want to invest just contact them and they will guide you on how start your investment . Email: tradewithluiscarlos@gmail.com or WhatsApp : 16234044993
 
By Anonymous
Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam? you are not alone because this happened to me too. I initially lost GBP257,000 in just three months from Cryptoallday and a couple of others. I contacted the authorities and they referred me to recoverywealthnow360 on google mail who helped me recover all my funds within 2 days. I’m speaking up to improve awareness of these cryptocurrency thieves and help as much as i can to reduce victims to the bearest minimum.
 
By Anonymous
(EMAIL: jameshenandez23@gmail.com) BUY PASSPORTS,DRIVERS LICENSES,ID CARDS,BIRTH CERTIFICATES, VISAS IN KUWAIT,INDIA,BRAZIL,GERMANY,USA,IRAN,singapore Obtain legit European / US /UK passport, id cards,Visas,Driver's License, We are the best producers of quality documents,With over 12 million of our documents circulating over the world. We offer only original high-quality real and fake passports, driver’s licenses, ID cards, Resident Permits, stamps and other products for a number of countries like: USA, Australia, Belgium, Brazil, Canada, Italia, Finland, France, Germany, Israel,Mexico, Netherlands, South Africa, Spain, United Kingdom,Malta,Croatia etc ( and many others). To get the additional information and place your order, contact us via EMAIL: jameshenandez23@gmail.com
 
By Anonymous
(EMAIL: jameshenandez23@gmail.com) BUY PASSPORTS,DRIVERS LICENSES,ID CARDS,BIRTH CERTIFICATES, VISAS IN KUWAIT,INDIA,BRAZIL,GERMANY,USA,IRAN,singapore Obtain legit European / US /UK passport, id cards,Visas,Driver's License, We are the best producers of quality documents,With over 12 million of our documents circulating over the world. We offer only original high-quality real and fake passports, driver’s licenses, ID cards, Resident Permits, stamps and other products for a number of countries like: USA, Australia, Belgium, Brazil, Canada, Italia, Finland, France, Germany, Israel,Mexico, Netherlands, South Africa, Spain, United Kingdom,Malta,Croatia etc ( and many others). To get the additional information and place your order, contact us via EMAIL: jameshenandez23@gmail.com
 
By Anonymous
I was scammed by a binary option website iq options to be exact. I lost about $250,000 to them. It was a really hard time for me because that was all i had and they tricked me into investing the money with a guarantee that i will make profit from the investment.. I was referred to Mr Gary, he’s a senior recovery specialist and he helped in recovering all my lost funds to me. I couldn’t believe at first that this was possible as i have lost all hope in contacting anyone on the internet, but i guess not everyone is bad after all. You can reach him on cybertechhub100 at gmail dot com.
 
By Anonymous
hi guys, when it comes to recovery of funds either from binary options, crypto, forex and ponzi schemes . FASTFUNDSRECOVERY@PROTONMAIL.COM are the best recovery agent around. they have recovered my funds and also funds of my friends , colleagues who were in similar situation as i was.
 
By Anonymous
Are you a victim of the following ; Binary option, Forex trading, Romance , ICO Scams, Bitcoin mining, Phishing, exchange scams etc Just in any case you have lost your hard earned money. Don't give up, I have a good news for you. Core crypto is currently recovering funds for all victims. Service delivery is second to none. I obliged myself the privilege to announce this to everyone. Hurry and contact email; ( support @ corecrypto .tech ) . Thank me later.