CRYPTOCURRENCY FINANCIAL CRIME DEFENCE

If you’ve been accused of cryptocurrency financial crime offences, it’s vital that you have a specialist behind you who can trace crypto and help prove your case.

How We Can Trace Cryptocurrency Assets & Protect You

The prosecution on a cryptocurrency financial crime case will often presume that any assets transferred out of a digital wallet are being deliberately hidden. At Inquesta Forensic, we have the means to trace cryptocurrency and digital asset transactions to their source — which could help to prove your innocence.

What Makes Cryptocurrency Defence So Complex?

The process of defending against cryptocurrency financial crime can be challenging for many reasons, including: 

  • Inconsistent global regulation
  • Anonymity is rife 
  • Constant innovation in the field 

Each scenario will require both careful analysis of the circumstances surrounding your case  and expert evidence in order to establish the amount of damage accrued. 

inquesta-forensic-cryptocurrency-financial-crime

Need Our Assistance?

If you’re looking for specialist cryptocurrency defence you can trust, our expert team is ideally placed to offer support and guidance. Get in touch today to learn more.

Why a Forensic Accountant is Key for Cryptocurrency Financial Crime Defence

Forensic accountants can be vital in defending you against accusations of financial crimes involving cryptocurrencies. They can assist with tracing transactions back to their origins, asset recovery, and can also offer expert evidence for the legal proceedings in order to prove your innocence.

These specialists pair investigative skills with a deep understanding of both traditional financial systems and emerging digital finance technologies. Such valuable expertise can bridge the gap between conventional investigations and cryptocurrency financial crime defence investigations.

Free Forensic Accounting Guide

Financial disputes are, in many ways, unavoidable in modern life. Thanks to innovations and complexities in the field, such cases will often consist of endless files/documents, intricate transaction webs, and sophisticated use of technology. Check out our guide to learn about how forensic accounting could be the answer to your problems.

How We Trace Cryptocurrency Assets

Within the rapidly evolving landscape of digital finance, cryptocurrency financial crime defence has become a highly specialised and necessary field, often requiring a unique blend of forensic accounting expertise and advanced tools and techniques. As forensic accountants, our role now extends far beyond simple financial investigations, to include the intricate and complex task of tracing cryptocurrency assets. 

This process is pivotal in defending against allegations of financial crimes involving digital currencies. The approximate steps we will utilise include:

One of the very first steps we look to take in cryptocurrency financial crime defence cases involves gathering transaction data from the relevant blockchain networks. Despite the anonymous nature of transactions on the blockchain, collating key records relevant to the case can provide us with some unique identifiers that could be vital to a successful outcome. This includes:

  • Transaction IDs
  • Wallet addresses
  • Timestamps

We utilise specialised cryptocurrency analysis tools as well as advanced forensic techniques in order to meticulously trace the flow of funds. Our objective, both here and throughout the process, is to track the movement of assets through various wallets and exchanges, as well as uncovering any potential connections or patterns that could suggest criminal activity.

Our efforts to trace digital assets will usually culminate in the compilation of detailed reports. These reports will contain representations of transaction networks, flow of funds, and summaries highlighting any suspicious activities or patterns that have been detected during the investigation.

Our findings reports will be prepared in a format that is suitable for court — and will be presented in as clear a manner as possible to ensure transparency and accessibility for as many people as possible.

Armed with our comprehensive reports, data, and evidence, we are on hand to assist legal teams in developing as robust a Cryptocurrency Financial Crime Defence strategy as possible. Forensic accountants are perfectly placed to offer expert evidence that can illuminate complex financial transactions. Our aim at this stage is to help establish facts and prove the innocence of our clients. 

How our Cryptocurrency Financial Crime Experts Can Help

The Inquesta Forensic team are specialists in  providing support and assistance within the field of cryptocurrency financial crime defence. The complexities of the process mean that it’s vital that you work with somebody who knows exactly what is required. 

We possess the skills necessary to navigate complex financial transactions, provide a thorough assessment, and if needed act as an expert witness to support your case. Our history in traditional financial crime defence, alongside our continued commitment to staying at the forefront of the emerging field of digital assets, has allowed us to establish ourselves as a top name in the sector.

Frequently Asked Questions

The most common crypto based crimes include: 

  • Fraud: Where investors are deceived by false promises of high returns 
  • Cryptocurrency Theft: Involves the hacking of crypto wallets or exchanges 
  • Money Laundering: Using digital assets to conceal the source of illicit funds, often leading to Proceeds of Crime Act implications.
  • Ransomware Attacks: Personal data held hostage in exchange for cryptocurrency payments.

Losses reported from crypto fraud in the UK are becoming more and more prevalent with each passing year. As per a study from law firm RPC, as reported by the Financial Times, crypto fraud losses increased by 41% from 2022-23. This period saw a significant increase from £216.5m to £306m. 

Related Services

Financial Crime Defence

No matter the complexities involved, our involvement in cases has provement vital in securing a positive outcome.

POCA Confiscations

We have a wealth of experience in calculating benefit amounts and helping clients with their case.

Cryptocurrency Fraud Investigations

Our team of forensic accountants are perfectly placed to help limit your exposure through a cryptocurrency fraud investigation.