1. Role of Forensic Audit in Asset Recovery
AntAC Conference
16 December 2016

2. Why forensic audit FORENSIC: “Finding Evidence to solve a crime”
Prior to initiating Asset Recovery the following questions need to be answered
What is the nature of wrongdoing?
Dictates nature of claim(s) (civil and criminal) which might be initiated
Who has orchestrated / managed the wrongdoing and who has benefitted?
Dictates the scope of potential parties to a claim (civil and criminal) and where
What is the potential loss and when did it occur?
Informs the value of a claim
Who benefited?
Informs who civil claims and criminal actions may be brought against
Where has the money gone?
Informs the relevant jurisdictions where actions for recovery might be launched

3. Forensic Audit: An Investigative approach to asset recovery
Internal
KYC files
Loan applications
Fund flow analysis
Data analytics
Loan Portfolio
Recovery Strategy
Population of loans for focused asset recovery
Verification
External
Public record research
Local sources
Deep web analytics

4. Observations
The Big Picture
Customer A
Customer B

5. Loss Quantification: Data Analytics

6. Use of Forensic Audit Findings
Forensic Audit Evidence
Countries
Financial Institutions
Companies
People
Formation Agents
Correspondent Banking Relationships
Forensic Audit Evidence

7. Use of Forensic Audit Findings
Forensic Audit: Evidence
Criminal
International Civil Asset Recovery Strategy
Disclosure orders
Freezing Orders
1782 (United States)
Search and seize

8. Funding Asset Recovery
Initial investment required to determine:
Valid claim;
Identifiable Assets; and
Recoverable Assets
Once assessed decision surrounds:
Investment by client with benefit of full returns and control
Success fees
Litigation funding

9. Zoë Newman
Managing Director, Investigations & Disputes
Kroll
Nexus Place, 25 Farringdon Street,
London, EC4A 4AB
T +44 (0)
M +44 (0)
kroll.com