How to Interview a Cooperative Witness

The seemingly routine interviews in the early stages of a case are much more important, and not as easy, as they may seem. The Ten Most Important Points Many investigators claim to know the points below widely ignore them in practice, to their detriment. 1. Be prepared. Master the known facts of the case – […]

Social media sites

Social media sites are an important resource when conducting background and asset checks.  They can identify previously undisclosed links between individuals and companies, as well as evidence of undisclosed wealth and leads to hidden assets. facebook.com twitter.com  linkedin.com 

The Very Basic Basics of Money Laundering

As used here, money laundering refers to measures that are used to provide an apparently legitimate source for illicit funds in order to deflect suspicion when they are spent or invested. In the most common money laundering schemes, the illegal funds are attributed to: A “legitimate” business front Manipulated purchase and sale transactions “Off shore” […]

How to Prove Illicit Payments in Cash

Look for significant, excessive or unaccounted for cash generated by the payer The payer might simply withdraw cash, or cash checks that appear to be payable to others.  Cashed checks can be identified by “cash codes” stamped on the front of the check. The codes vary by bank As noted above, a small business owner […]

How to Prove Illicit Payments from the Point of Receipt

This method is preferred if the investigators cannot access the suspected payer’s records, or if there are many suspected payers, of if the payer is not known, or if cash payments are suspected.  It requires that the suspect recipient’s records be available by compulsion (as would be the case if subject is an employee of the […]

How to Prove Illicit Payments from the Point of Payment

This approach is preferred if the suspected payer is known, is a relatively small and financially-uncomplicated business and its records are accessible through audit rights, subpoena or otherwise.  Before beginning the tracing process, examine the suspect company’s methods of operation to determine the most likely method of payment, e.g., cash or wire transfer, direct or through […]

Information on people

See the sites below to locate and find information on people involved in the case: Free sites google.com facebook.com linkedin.com (Requires subscription to see full profile) pipl.com (“Deep web” search of peoples names) devex.com (Resumes of development specialists) 192.com (British public records; requires sign-up and credit card payment online) monster.com (CV database) Subscription sites legal.thompsonreuters.com(Address histories, personal identifying information, etc.) […]

Secrecy Jurisdictions

Note contractors that are located in, or which request payments to accounts located in, secrecy jurisdictions (“tax havens”). Such jurisdictions include: CARIBBEAN: Anguilla Antigua and Barbuda Aruba Bahamas Barbados Bermuda British Virgin Islands Cayman Islands Dominica Grenada Netherlands Antilles St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Turks and Caicos Islands CENTRAL […]

International Chamber of Commerce (ICC)

The ICC offers a membership-based “Financial Investigation Bureau” that provides the following services, among others: Financial Instrument & Document Analysis Due Diligence Research and Analysis Comprehensive Background Checks Specialized Sanctions & Embargo Checks International Financial Crime & Fraud Investigations Financial Tracking & Asset Recovery Development of Prevention, Detection & Internal Security Policies, Measures & Procedures […]

Collusive Bidding Schemes

Collusive bidding refers to agreements by contractors or suppliers in a particular trade or area to cooperate to defeat the competitive bidding process in order to inflate prices to artificially high levels.  It can occur in large and small contracts.  Where collusive bidding is well established prices can rise substantially, in some cases by as […]