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Digital Recovery

The success of many businesses can depend upon on how well digital information is handled, or how badly it is mishandled. When data cannot be accessed or retrieved, effective digital recovery requires proactive involvement. Faced with inaccessible data, secure servers, and corrupted smartphones, Honeycomb is experienced in supporting clients’ efforts to recover and manage information and to help them organise, prioritise and identify what is important.

We have the resources and technology to unlock information and data from virtually any device, including computers, tablets, and smartphones. We can then analyse and review electronic information, such as Microsoft files, accounting packages, emails, texts and other information contained in digital form.

We are also able, where possible, to revive deleted material and to rebuild it from fragments. This needs to be done very carefully. To preserve the integrity of the original and to provide an appropriate audit trail, we can download, image and store data in a forensically pristine way. In both civil and criminal cases, this is critical to demonstrate that there has been no tampering with documents or other information.

Case Studies in Digital Recovery

Bank Tax Whistleblowing

Following a whistle blowing disclosure at the London branch of a major foreign bank relating to non-compliance with UK tax provisions, financial reporting requirements, banking codes of practice and FCA and Bank of England regulations, we were engaged to review the Bank’s internal systems and processes, the fitness of senior staff, training and compliance with risk and other regulations. Our review and investigation into transactions at the bank showed that there had been false accounting in relation to the reporting of income from swap transactions, deception of the Inland Revenue in relation to the presentation of items of expenditure, and non-compliance with banking code and FCA regulations in relation to non-compliance with bad debt and loan provisioning policies. We were able to assist the bank through the reporting procedures and making good with its processes, correcting the accounts and working with regulators to rebuild trust and compliance.

Regulated Professional Firm Fraud

Following the detection of a fraud within a regulated professional firm involving loss of client monies, we were tasked with investigating the fraud and the system failures which allowed it to take place, and rebuilding these so as to minimise the chance of something similar happening again. We performed a comprehensive review of systems of control and compliance with client money and other regulations, prepared a report for the regulator and worked with the client and the regulator to mend the faults in the system, and rebuild the integrity of the business and the trust of the regulator and clients. The task involved us in a further two years of ongoing review and audit of the firm’s compliance.

For further reading:

•   Expert Witness Work •  Investigations •  Financial Crime  •  Data Analytics  •  Information and Intelligence Gathering