Global hunt for Ukraine corruption funds spotlights need for effective asset recovery

Asset recovery operations don’t often make for front-page news, but as enforcement agencies in multiple countries hunt for accounts belonging to Ukraine’s fallen leaders and new sanctions on Russian officials loom, efforts to track and seize corruption proceeds have gained international attention.

In this Financial CrimeCast, ACFCS delves into the process of recovering assets in corruption cases, with the guidance of Martin Kenney, a lawyer and recognized expert in multi-jurisdictional asset recovery.  A Managing Partner of Martin Kenney and Associates, he sheds light on where to begin an asset recovery operation targeting corruption proceeds and describes key tools and tactics. He also illuminates the parallels between large-scale fraud and corruption investigations, and offer advice on what financial institutions can do to avoid being used as a conduit for corruption proceeds.