CM Advocates Uganda has a pre-eminent Asset Tracing and Recovery practice.
Fraud including contrived bankruptcies as well as computer and internet fraud and other fraudulent schemes designed to cheat financiers and creditors are on the increase. Using our multidisciplinary skills, we are able to draw on an array of tools available from both Ugandan courts and foreign jurisdictions to trace and locate debtor’s or wrongdoer’s assets and secure them for recovery.
Our team includes specialists with experience in forensic investigative techniques, fraud detection and deterrence, white-collar crimes, and public and private law enforcement work.
In each case, we strive for professionalism, thoroughness and rapidity of action. We also have dogged tenacity to go to great lengths to achieve the desired clients’ objectives. Since each fraud is different, the approach and the strategies employed must be trailed to ensure the desired outcome. Moreover, in order to ensure good results early action is indispensable.
Our team often advises local and international clients on suspected fraudulent activities where it appears that assets have been, or are at risk of, being dissipated. We also advice on investigations and courts proceedings in Uganda as well as working as part of a larger team on multijurisdictional frauds involving global organizations. In addition, we regularly advise on associated civil or criminal proceedings. Moreover, we help clients plan, implement internal investigations, and liaise with external investigative agencies, forensic accountants and the media.
Often times, majority of asset tracing cases involve a debtor who may have a concealed identity or who has fraudulently transferred his assets, as in the case of offshore companies. Using professional investigators, our team can take steps to confirm the identity of a debtor – whether an individual or company director – as well as providing a thorough assessment of any financial and physical assets held that could be used to satisfy the outstanding debt.