Working away

Fraud and financial investigations in offshore financial centres carry their own unique risks and challenges. Michael Peer , Director of KPMG Forensic with responsibility for 14 offshore jurisdictions, explores some of the key characteristics of preventing and investigating fraud overseas, including tracing assets and making recoveries.

Michael Peer may be reached on tel: +44 (0) 1534 888891; email: mpeer@kpmg.com

Investigations into fraud and asset tracing need to cross international boundaries to match the techniques that fraudsters employ to hide their assets. It is not just asset hiding that occurs in the offshore jurisdictions, some frauds are perpetrated there in their own right.