asset recovery
Reclaiming stolen funds
Asset recovery is the process of reclaiming money, property, or other valuables that have been stolen, hidden, or misappropriated.
The term appears most often in legal and financial contexts: governments pursue asset recovery to seize proceeds of corruption, while businesses hire specialists to track down funds lost to fraud.
The department launched an asset recovery investigation after discovering the embezzlement.
- clawbackContractual fund recovery
- seizureForcible taking or convulsion
- civil forfeitureGovernment confiscation without criminal charges
- frozen assetsLegally inaccessible wealth
- repatriationFormal return to homeland
restitution · ill-gotten gains · extradition · beneficial ownership · shell company · front company · hidden wealth · forensic accounting · tracing · paper trail · follow the money · whistleblower protection · litigation · disgorgement · digital forensics · fraud detection · bilateral agreement · due diligence
- international lawinternational law, treaty, treaties, conventions, protocols
- anti-corruptionanti-graft, whistleblower protection, whistleblowers, financial disclosure, conflict of interest
- anticorruptionanti-graft, ethics commission, ethics committee, financial disclosure, graft
- Special Opsspecial forces, special operations, black ops, covert ops, Navy SEALs
- EU crime lawEuropol, Schengen, police cooperation, harmonization, criminal procedure
- fraud investigationforensic accounting, forensic audit, fraud detection, financial fraud, fraudulent schemes
asset recoveryasset stripping
Selling acquired company's valuables
asset forfeiture · asset seizure · capital flight · embezzlement · divestiture
asset recoverytheft
Unlawful taking of property
fraud · embezzlement · looting · plunder · grand larceny