Case study | Confirming suspicions of fraud

Money Laundering in Regulated Industry

Nardello & Co. was engaged by a company in a highly regulated industry to examine the illicit operations of its competitors. The competitors were conducting operations in jurisdictions where their products and services were either illegal or required licenses, which the competitors had not obtained. We were asked to identify the means and methods by which payments were flowing between the competitors and their customers.

Nardello & Co.’s investigation documented the establishment of front companies and a network of overseas agents and bank accounts that were used to move and launder the proceeds as to disguise their true source.