Forensic Fraud Investigation

Forensic Accounting is a service that identifies suspicious transactions and false creditors in a business. This is a critical process for large corporations and political personalities, since they’re under constant suspicion of making more money than they earn. The main goal of this type of accounting is uncovering and analysing critical facts to follow the money wherever it went.

The forensic and accounting investigation will include quantifying losses, identifying the destination of fund transfers, and providing expert testimony if required by the courts. The agency will work with clients as soon as they report an anomaly in their books; time is of the essence in such cases because money moves fast.

Whether you have discovered false creditors in your business or have found suspicious transactions,  Omega Investigations can uncover and interpret the critical facts.

We use forensic accounting investigations service to identify suspicious transactions, ghost or false creditors. We gather proof from all the external and internal sources, whether paper, electronic or human while conducting investigations. Our analysis will quantify the loss, identify where funds have been transferred and our accountants will provide expert evidence if required at any court proceedings.

We work with our clients right from initial detection of the suspicious activity in resolving the issue, whether it’s litigation or a referral to a law enforcement agency. Our forensic fraud investigators offer private investigation service to resolve the issues and implement recovery programs.

Money Laundering and Its Process

Money laundering is a method where the earnings of criminal activities are changed into ostensibly rightful money or other kinds of assets. Given below is the process of money laundering.

1. Placement

In this stage, the money launderer puts in his or her dirty money to a legitimate financial institution. This often happens in form of cash bank deposits. It is one of the riskiest phases of laundering process because big amounts of cash are mostly noticeable. Banks are generally required to report the concerned authorities of any such transactions.

2. Layering

It involves sending the money via different financial transactions for changing its form in order to make it hard to follow. The step consist many bank to bank transfers, making deposits and withdrawing them to vary the amount of money in accounts, changing the currency of the money and buying items of high-value for changing the money’s form. Layering is one of the most complicated steps in the laundering scheme. It is about making the dirty money difficult to trace.

3. Integration

This is the final stage of the process. It is the movement of previously laundered money into economy primarily through banking system and so these kinds of monies look like normal business earnings. It is dissimilar to layering because in this stage detection as well as identification of the laundered funds is offered through the informants. The different methods that are used in this stage include selling of property for integrating the laundered money back into economy by criminals, using of fake invoices by export/import firms for integrating illegal proceeds back into economy etc. It is difficult to catch the launderer during this stage through fraud investigation services if there isn’t any documentation at the earlier stages.

There are a number of organizations that are offering anti-money laundering services. We are one of them. Get in touch with us if you have evidences against anyone who you think to have been involved in a money laundering activity.

Anti Money Laundering Investigations

Omega Investigations coordinates with companies and businesses to comply with The Anti Money Laundering and Countering Financing of Terrorism Act of 2009. This act states that all institutions and organizations must fight money laundering through correct procedures, and fraud investigators can get that done.Fraud and money laundering are technically different things, but they both cause significant financial loss and reputation damage to companies even accused of committing it.

Our investigators have special expertise in money laundering investigation cases, both nationally and globally including tax havens in Jersey, the Cayman Islands, and the British Virgin Isles. Their biggest case involves a laundered amount of over NZ$50 million.The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 require institutions and organisations to combat money laundering through correct procedures within their organisations.

In fact, money laundering goes hand in hand with fraud. It results in huge financial losses and damage to the reputation of a business. However, in today’s global business environment, every organization is vulnerable to a variety of economic crimes like money laundering and theft of intellectual property.Omega Investigations offers anti money laundering investigations.

Our investigators have significant expertise in identifying and recovering laundered funds both nationally and globally including tax havens of Jersey, Cayman Islands and British Virgin Islands. Our biggest case involved the laundering of over NZ$50 million.

So, if you have evidences against any of your employees or are suspecting anyone in your office to have been involved in any money laundering activity, get in touch with us.