A London based forensic accountant, tasked with recovering the proceeds of a long-running VAT fraud, instructed Carnoustie to trace assets associated with four UK-based individuals.

Electronic and ultra-discreet human intelligence enquiries combined to identify property, vehicles and commercial interests throughout the UK and a number of linked entities located in offshore jurisdictions, including BVI, Cayman Islands and Cyprus. The culmination of these enquiries indicated that significant sums of money had been laundered through such offshore locations to individuals and companies located in the UAE where it had been invested in property and lifestyle assets. Carnoustie was able to provide the required information, intelligence and in some cases evidence to enable the client to repatriate in millions of pounds worth of assets.

Date

January 4, 2014

Client

Forensic Accountants

Category

Asset Tracing