Follow The Money

Follow The Money

Financial Crime

‘Follow the money’ is a rather clichéd line from the film ‘All The President’s Men’ which charted the scandal that engulfed President Nixon in the 1970’s. But even today, the money trail is very much the first line of investigation in serious fraud cases, and one that is increasingly difficult to follow.

Not so long ago, the ways of committing fraud were somewhat limited and for that reason also somewhat simplistic. That can no longer be said, as financial markets spanning the world transfer billions of pounds during each hour of trading. Emerging ‘crypto currencies’ complicate the picture even more. Swaps, derivatives, forwards, securities, bonds, secondary markets…..we could go on and on…

Why does this matter?

It matters to us as lawyers, as a mere understanding of the law is not sufficient for the successful defence of these complex cases, your solicitors and barristers must understand first and foremost the environment in which the crime has been said to have been committed.

Your lawyer must confidently speak ‘your language’.

What is shocking, however, is that in a recent high profile case a purported expert witness for the prosecution was so out of his depth that he had to ask advice on basic financial terms.

The Court of Appeal observed:

“It’s not a matter to be downplayed when the Crown in a major prosecution calls a witness who is wholly out of his depth.

We take a very serious view of what in the judgment we will describe as a debacle, whatever the outcome.

We want to know how did it come about that he was instructed when he lacked expertise? We are very concerned as to how he can have been instructed, the due diligence, and how it came to light.

We are troubled by it.”

This particular witness was exposed by what has been described as a ‘devastating cross-examination’ by a defence barrister.

Expertise Matters

While the Appeal Courts are there to correct mistakes, it does not follow that every trial error shall result in an acquittal. It is therefore vital that things are right the from the start; first time. This requires a defence team who truly understand the business of international finance, who can unravel the complexities of your case and simplify it, and can work as a team with top advocates capable of that ‘devastating cross-examination’.

Successfully defending confiscation proceedings means preparing the ground work for potential proceedings at the earliest possible opportunity. Decisions made even during the course of the criminal investigation at the police station and subsequently during Court proceedings can have a huge impact on the outcome of confiscation proceedings. It is imperative that you’re able to rely upon your defence team to identify the pitfalls, provide you with sound and pragmatic legal advice concerning those issues which are of paramount importance.

We have a strong track record of advising upon and defending complex financial crime and so before trusting your case to anyone get in touch for some preliminary advice so that we can advise you as to your options. We pride ourselves upon providing sound and pragmatic legal advice and robust representation.

Our specialist Confiscation Solicitors specialise in advising upon and representing defendants in respect of confiscation proceedings and the whole range of financial crime. Whether you require advice in relation to Confiscation Proceedings, Restraint Orders, Asset Forfeiture or detention proceedings Vienna Kang Advocates are able to assist you.


Contact: Dean Phillips
Telephone: 0121 726 9116