At Carmelite Chambers International Fraud & Assert Recovery Conference, I met Advocate & English Barrister Stephen Baker of Baker & Partners from St. Helier, Jersey. During the Conference, Mr. Baker presented his slideshow with case studies about recovering suspected corruption proceeds or other assets.
Some of Mr. Baker’s slides reveal how foreign bank accounts; multiple jurisdictions and nominees, (i.e. intermediaries), could be used as elements in suspected laundering schemes:
One topic Mr. Baker’s slideshow covers is the investigation of the late Nigerian dictator Sani Abacha. As Baker & Partners’ webpage explains: “Baker & Partners were central to the successful Jersey investigation into the alleged laundering of the proceeds of the corrupt Nigerian Dictator General Abacha’s crimes through Jersey. This investigation has already resulted in over USD $160,000,000 being returned to Nigeria.”
Continue Reading Searching For Corruption Proceeds & Other Assets On The Island Of Jersey