We recognise the diversified and unpredictable nature of corporate crime and its pervasive effect on institutional structures. We offer a bespoke service to our clients and design international compliance measures to better fulfil the exacting demands of this precarious environment. Corporate entities have now a shared liability for their actions or omissions and more protectionist measures are required to better safeguard their interests. We are able to advise you as to the availability or applicability of statutory defences, and as to the liability of principals and agents within a corporate and regulatory structure.
We act for clients in all manners of financial crime and related matters, including but not limited to-
- Breach of trust (embezzlement)
- Bribery (Members have advised Ministers, Government officials, law officials, police and intelligence units of sovereign states globally).
- Director’s Abuse of Position;
- Whistle Blowing;
- Ponzi Schemes;
- Customs and tax evasion;
- Illegal trade/Black marketing;
- Limited financial disclosure;
- Advising on cyber-security and facilitating due-diligence for cyber-security experts;
- Financial Crime due-diligence on local companies/ NGOs/ Organisations;
- Anti-trust/Anti-competitive behaviour;
- Assisting regional and international corporate clients in compliance with anti-bribery & corruption; and
- Infringement of intellectual property/ passing off with another company’s name
WCC22’s Fraud Crime team have a long-standing and tested knowledge in relation to the diverse types of reoccurring fraud in today's society. We cherish our ability to give clear and concise advice in this expansive area of the law. Members have represented and acted in the capacity for both prosecution and defence and understand the complex nature of fraud cases, and we are equipped to respond to these detailed issues. Members of WCC22 have considerable expert knowledge in the following types of frauds-
- Investment fraud
- False accounting
- Identity Fraud
- Bankruptcy and mortgage related fraud
- Botnet Fraud
- Cheque Fraud
- Identity fraud
- Pyramid Schemes
- Phoenix Company fraud
WCC22 frequently assists and advises internal investigations carried out by corporate institutions who have either been a victim of fraud or face an allegation due to its agents and employees. We value and understand the stress created by such an investigation and are always prepared to advise you in each incremental step of the case.
The growth of complex measures to conceal the proceeds of crime and launder money has become a 2 trillion-dollar black-market activity. We fully understand the detrimental nature of money laundering on financial institutions, our knowledge helps these institutions in swiftly remedying and identifying these risk before they become irreversible. Equally, we understand that such allegations can be damning to your business and social reputation. We have the familiarity and know-how to deal with such situations in a discreet and sensitive manner.
We further advise clients on anti-money laundering compliance issues, taking account of requirements originating from financial services /postal remittance services/ authorities and other regulatory bodies.
We are intent upon building and solidifying enduring relationships with our clients so that we are best positioned to provide them with the most constructive advice in taxing situations.
Following recent global events. UN Security Council have advocated and passed resolutions which have created the foundation for strong counter-terrorism measures in the international legal system. At the heart of any such organisation is its monetary funding. At present, similar to money laundering, complex and sophisticated measures have been adopted by these organisations. At WCC22, our capacity to identify these methods with painstaking detail and precision affords us the position to advise on counter-terrorist financing strategies, procedures and steps.
The rise of global financial crime has led to an optimisation of the asset recovery and cash seizure regime. This central feature enables the state to withhold and prevent the dissemination of assets which is or have a connection with the proceeds of crime. Our practitioners have a holistic knowledge of this confiscation regime and are best suited to advise you on the following matters-
• Local and international asset-tracing and freezing;
• Advising on the requirements and threshold of confiscation and seizure; and
• Remedial Action, including unfreezing bank accounts, asset repossession and return of seized cash, for confiscated property.
Our ability to recognise the density and complexity of financial crimes gives us the empathy to understand that all allegations of financial misconduct may not hold equal force. WCC22 endeavours and achieves to solve any such allegations outside of the formal corners of trial by negotiating with authorities with sound and precise legal reasoning. This approach is fundamental to protect the integrity and privacy of our clients from a public courtroom in the instance they have been wrongly accused. Our team of foreign lawyers enable us to visualize and implement a multi-jurisdiction settlement. Additionally, where expedient and necessary, we represent our clients before Financial Intelligence Units, Police, Public Prosecutors and INTERPOL.
When businesses, regulatory officers and/or their agents are faced with the involvement, direct or indirect, in fraudulent and corrupt practices they may take a misstep in putting a barrier or investigating these practices. Often, legitimate channels are used within unaware and blameless mediums to conceal and disguise criminal proceeds. We are best positioned to advise on the steps and practices to minimise the risks associated with criminal liability and unwelcome sanctions.
We assist regulatory bodies with internal investigations into potential violations of criminal law, whether it be allegations of fraud, money laundering, bribery or insider trading, by providing legal and remedial advice. Part of our expertise is to scrutinise and envisage the limits of the following-
i) the powers of any particular investigating authority;
ii) legality of seizure of privileged material;
iii) scope of freezing injunctions;
iv) scope and range of search warrants;
v) pre-charge actions- voluntary and mandatory interviews;
vi) impact on constitutional and human rights of the accused;
vii) hedging losses incurred to business enterprises and individuals; and
viii) Media outbreaks.
• Advising on matters of Extradition and Mutual Legal Assistance, which includes but is not limited to:
- Assisting 'requesting states', 'requested states' and private clients
- Liaising with interested parties in respect of human rights issues
- Mediating and assisting deferred prosecution agreements.
• Advising on global economic sanctions and their impact on corporations in the region.
Criminal behaviours which amount to insider trading and market manipulations are prime examples of actionable misconducts under the market abuse regime. The 2007-2008 global financial crisis is a key indicator of the stream of effects that can arise from abusing market policies and regulation. WCC22’s work with financial bodies and institutions around the world provides us with a distinctive insight into the inner workings and processes within such entities. This, in turn, has enabled us to advise on preventative measures to detect and stop market abuse indicators. Our work in this area encompasses the following-
• Advising on what constitutes market abuse and misconduct, including insider trading-prevention and remedial action.
• Measures to prevent and counteract predatory lending;
• Identify and advise on deceit and manipulation of the commodities market, securities and exchanges.