With the ever increasing amount of capital flowing in and out Greater China, we have seen a reciprocal need from our clients to assist with fraud, asset tracing and anti-corruption.
We have witnessed a spike in business email compromise, also known as "CEO or fake president fraud", where a hapless accounts staffer is induced to transfer funds to an account in Hong Kong believing the instructions to be real. Instead they come from sophisticated crime rings that channel money through Hong Kong often to Mainland China and back out of Hong Kong. Acting quickly we can freeze and trace proceeds of fraud. Many of our clients in this space come to us through referrals of international law firms.
Anti-corruption is a key challenge for companies doing business in the region.