Civil fraud is a growing concern. In 2024, the overall reported
value of fraud in the EU more than doubled compared to the previous
year.
When you realize that you have been a victim of fraud, whether
you are an individual or a corporate entity, there are a number of
important matters that need to be considered at the pre-action
stage of a case. Most people will often be focused on the loss and
the events leading up to it, and will not necessarily give any
immediate thoughts to how that loss can be recovered, and from
where. However, it is important at the outset to not only look at
the circumstances of fraud, but also to identify who can be pursued
and, critically, whether they are worth pursuing financially. To
that end, asset tracing is a fundamental consideration at the
beginning of a fraud claim, not just at the enforcement stage.
