A global financial institution sought to collect on a significant judgment against a Mexico-based family which had put several of its entities into bankruptcy after siphoning off assets as part of a large-scale factoring fraud. Research sought to identify proxies through which assets were moved out of previously healthy companies and to identify assets in jurisdictions favorable to recovery. Through identifying current business partners and links with other financial institutions, pressure was brought to bear on the family’s outside business interests while client was domesticating its judgment in certain jurisdictions.
Navigating the intersection of innovation and regulation: Addressing fraud risks in the age of artificial intelligence (“AI”)
The rise of AI and generative artificial intelligence (GenAI) has been impactful in many industries, but there are inherent risks that organizations must...