Fraud is a borderless industry and fraudsters move fast and globally. The International Fraud Group has moved faster and, through its network of specialist fraud lawyers, has returned hundreds of millions of pounds to its owners.
The International Fraud Group began in London in 1997. Established by leading London firm, Mishcon de Reya, it was a specific response to a client’s needs. To recover assets stolen and spirited away into multiple jurisdictions. An alliance of law firms was created for the purpose. With devastating success. This one-off alliance has become a permanent global network.
We have members in 49 countries, including those key offshore jurisdictions where fraudsters are particularly fond of hiding stolen assets. 28 firms united by the conviction that “What is yours is yours”, “ce qui est à toi est à toi”, “was dein ist, ist dein”, “cio che e tuo e tuo”, “lo que es tuyo, es tuyo”, “o que e seu, e seu”, “wat van jou is van jou”, “hva er ditt, er ditt”.
Our weapons of choice are the order and the injunction. We can then pursue fraudsters across jurisdictions care of the global nature of our network. IFG lawyers are expert in the use of cross-border piggyback injunctions specifically for this purpose.
We can shine a light on trusts which fraudsters have created, find out who is pulling the strings and expose their sham structures.
We can track the electronic movement of money and, with an order, compel the institution that has handled it to tell us where it has gone. If it is still there, we will freeze it.
INTERNATIONAL STRATEGIES FOR WHITE-COLLAR CRIME ENFORCEMENT
The US Department of Justice's ('DOJ') chief of the Foreign Corrupt Practices Unit of the Fraud Section, Daniel Kahn, has commented on the increase in international fraud investigations meaning a greater likelihood that US prosecutors will need to acquire evidence from overseas. He also indicates some of the difficulties this poses and outlines potential solutions.