Forensic Services
Forensic Services form an integral part of BDO Alto Limited’s service offering in Jersey and are being provided through its sister company BDO Alto Forensic Services Limited.
We have close links with the forensic accounting services team at BDO Stoy Hayward in London who provide specialist input to our local engagements as required.
We are able to provide a range of services that rival any other local professional services firms that you might currently be dealing with in terms of:
• The wealth of expertise and experience that we can draw upon
• Professionalism and exceptional levels of client service
• Reliability
However there are other qualities that, we believe, set us apart from other local professional services firms, in particular:
One of the key advantages is that we have limited conflicts of interests in acting for clients locally. We only perform a very limited number of services for local regulated entities or fiduciary companies. Our team members have past experience however, in performing professional services for these regulated entities, whether as auditors or advisers of banking institutions, trusts or funds.
This is further strengthened by the BDO approach globally to identifying conflicts of interest whereby all member firms have a 72-hour window in which to notify any potential conflicts for new business. In acknowledgement of the confidential or sensitive nature of such communications only the name of the entity or individual will be circulated and no other information is provided.
Our team locally consists of chartered accountants and specialist investigators who are experienced in all aspects of forensic type investigations. This mix of skills and background is unique locally and it means that we are able to offer a comprehensive service. You can be assured that our forensic team comprises our most senior and experienced directors and staff, and it is these persons that you will deal with on a day-to-day basis.
Our fees will be based on actual hours worked, although we will try to estimate this up front so you can assess the cost effectiveness of the project. Our professional staff will be charged out at rates that are competitive locally. During the investigation it is our policy to keep you informed of all material facts and the potential impact on projected costs.
Our team has considerable expertise in the key areas of forensic accounting and litigation support, as follows:
Individuals within our team have previous experience in undertaking investigations and similar work in conjunction with the Jersey Financial Services Commission. Our London team has also acted extensively for the Financial Services Authority, The Serious Fraud Office, The Department of Trade and Industry and United Nations in a range of matters.
We are accomplished in conducting fraud investigations, asset tracing, and compliance and audit investigations. We are able to work independently or alongside a dedicated legal team.
Members of our team have considerable expertise in Compliance, Prevention and Detection and have had experience in both pro-active and reactive money laundering investigations, including identifying “concealed income” and “benefit” under The Drug Trafficking (Jersey) Law 1988 and The Proceeds Of Crime (Jersey) Law 1999.
We are familiar with the legal process of asset tracing including “restraint and confiscation orders” (Saisie Judiciares) in Jersey, the United Kingdom and internationally. We have been involved in global asset tracing investigations conducted through civil courts, and as a part of ongoing criminal investigations.
In cases where a value of a business or equity is the subject of a dispute we are able to provide impartial evidenced valuations, in conjunction with BDO Stoy Hayward in London.
Circumstances can arise in cases of fraud, such as false accounting or money laundering, where records may have been destroyed or lost. We can undertake a retrospective reconstruction of investment portfolios and financial activity including providing relevant historical valuations.
In our experience most people have a database “foot print”, in addition to intelligence that might be held by the Regulator, Police, Customs or other investigative authorities. By researching global media archive databases and making enquiries via our globally based networks, we can build a profile of a company or of an individual’s antecedents. This can also be used to trace lost or missing individuals and assets. Such information when properly corroborated assists in an investigation or prosecution.
We have considerable experience in giving evidence in court and can assist in simplifying the presentation of complex evidence. We are able to draw on expert witnesses on a variety of issues, including computer fraud and the illicit drug trafficking markets where required.
Please note that this is not an exhaustive list of services and we would be happy to discuss specific service requirements at any time.
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