hidden assets
Undisclosed financial holdings
Hidden assets are property, money, or valuables that someone conceals from others who have a legitimate interest in knowing about them.
The term appears most often in divorce proceedings, where one spouse suspects the other of hiding wealth to reduce settlement obligations: The forensic accountant uncovered hidden assets in offshore accounts.
It also applies to bankruptcy fraud, tax evasion, and business disputes.
Less commonly, hidden assets refers to undervalued or overlooked resources within a company.
- offshore accountsBank deposits in other countries
- numbered accountBank holding identified by digits
- tax sheltersLegal liability reduction methods
- forensic accountingExamining records for fraud
- paper trailDocumentary evidence chain
shell companies · fraud · cooking the books · tax evasion · money laundering · dirty money · under the table · financial misconduct · offshore · economic crime · beneficial ownership · trust fund · embezzlement · inheritance disputes · financial disclosure · buried treasure · secrecy · slush fund
- financial fraudsecurities fraud, bank fraud, accounting fraud, defalcation, embezzler
- financial secrecybank secrecy, numbered accounts, Swiss banking, Swiss banks, offshore accounts
- tax crimestax fraud, tax evasion, undeclared income, unreported income, tax cheats
- hidden moneysecret stash, cash stash, mattress money, wall safe, floor safe
- fraud investigationforensic accounting, forensic audit, fraud detection, financial fraud, fraudulent schemes
- hidden incomeunreported income, undeclared, off the books, under the table, cash in hand