Organized and operating under the auspices of ICC’s Commercial Crime Services division FraudNet is a 24/7 international rapid deployment force that pries open the vault of bank secrecy and helps victims locate and recover their stolen assets with the same cyberpowered speed, stealth, reach and proficiency as the most sophisticated global fraud network.
Fraudsters meet their match in FraudNet’s experienced team of civil asset recovery lawyers, investigators and forensic accountants, who creatively wield their own sophisticated legal and investigative tools to trace and seize stolen assets wherever located.
To date FraudNet members have recovered hundreds of millions of dollars on behalf of individuals, corporations and national governments victimized by fraud and grand corruption schemes. Since its inception in 2004, FraudNet has worked for the governments of Antigua and Barbuda, Brazil, Guatemala, Nigeria, Trinidad and Tobago, and the United Kingdom, among others. Fraudnet’s specialized network of legal counsel for transnational asset location and recovery has now expanded to include 62 members in 54 countries.
Today, members of FraudNet are able to take rapid, coordinated and focused action on behalf of fraud victims in most jurisdictions throughout the world. Fraudnet has yielded success in jurisdictions where fraud detection and redress can be a legal minefield, and where the chances of successful asset recovery have historically been slim.