Multi-Jurisdictional Concealed Asset Recovery: ´A Whistle-Stop Tour´

Article by Martin Kenney & Elizabeth O'Brien, B.L.*

INTRODUCTION TO SERIOUS FRAUD.

What Is Concealed Asset Recovery?

As the term implies, 'concealed asset recovery' involves the recovery of wealth from a dishonest obligor – where such wealth has been laundered, camouflaged or hidden. This simple explanation, however, belies the complexity which accompanies the process. It is a difficult and time-consuming activity. It requires detailed planning, the concentrated labour of a group of people who represent a multitude of disciplines, co-ordination and management. The term encompasses not only the end goal, the actual recovery, but all stages from discovery through recovery. Once the fact of missing money has been uncovered a myriad of questions swirl around, often clouding the ability to think clearly and prioritise. A successful asset recovery process must be based on a sequential,