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Anti-Money Laundering and Anti-Bribery & Corruption Investigations

Money laundering, bribery and corruption create significant risks to the reputation of any business that might unwittingly become involved with organised crime. As part of the advice which we give to businesses on the detection and prevention of fraud and financial crime, we offer specialist advice on anti-money laundering (AML) and anti-bribery and corruption (ABC).

To add to their credibility, money launderers employ sophisticated techniques including the use of professional advisers to make their criminality appear legitimate. The Proceeds of Crime Act 2002 places a legal requirement on businesses to report suspicions of money laundering to the Serious Organised Crime Agency (SOCA).

Likewise, the Bribery Act 2010 makes failing to prevent bribery a criminal offence: a business can be criminally responsible for bribes made on its behalf by ‘Associated Persons’ – whether they know about them or not. The only defence is that the business had ‘Adequate Procedures’ in place to prevent bribery.

We can advise on how best to protect your business from money launderers and those involved in bribery and corruption, including effective due diligence, well-defined policies and procedures, and robust management of systems and controls.

Case Studies in Anti-Money Laundering and Anti-Bribery & Corruption Investigations

Global Natural Resources Company Data Retrival

Honeycomb was instructed by the receivers over a global natural resources business to attend a number of locations internationally to capture, retrieve and image huge volumes of data held on servers, PCs, laptops, tablets and smartphones. The data included documents, spreadsheets, images, texts, WhatsApps and emails. We were then tasked with reviewing and organising the information so that the flow of communications and digital conversations could be mapped and followed. This work enabled the receivers to comply with their statutory duties and to manage an investigation into the circumstances by which the business came to fail. The business was also involved in litigation and our work assisted lawyers deal with evidence and disclosure.

Bribery and Corruption Investigation Data Caption

Honeycomb was instructed to capture all data relevant to a bribery and corruption investigation. This meant retrieving archive material from old servers where the software was no longer supported, and capturing data on the PCs and other devices of past and current employees. The enquiry collected more than 1.5 million emails together with many thousands of other digital records.

For further reading:

•   E-disclosure Platforms  •  Data Analytics  •  Asset Tracing  •  Information and Intelligence Gathering