OffshoreAlert Conference Theme

Tales From the Field: Do Banks Lie When Served with Documents Subpoenas in Fraud & Asset Recovery Inquiries?

'Following the money' requires access to electronic funds credit and debit advices, checks and other payment records. Without these records, victims of fraud can be deprived of justice. Their suppression or destruction can demolish any meaningful chance that a victim might have to obtain restorative civil justice.

What do banks do when they are served with a subpoena? Do they lie and suppress records? Or do they have systemic policies in place intended to suppress the truth? If a bank may be sued for facilitating a fraud, why do banks take the position that their AML compliance records are not discoverable?

These and other controversial questions will be debated by this panel.

  • Document retention rules – internal and external to a bank.
  • What do fraud investigators do if the bank says that it destroys all records within a finite period of time as permitted by local banking regulations?
  • Do banks preserve data offsite for disaster storage purposes notwithstanding what they tell fraud investigators?
  • The use of expert reports to establish what backup systems preserve in contrast to what they disclose.
Speakers
Martin S. Kenney

Managing Partner, Martin Kenney & Co., Solicitors (BVI)
Arnoldo Lacayo

Shareholder, Astigarraga Davis (Miami)
Recorded Live On

2:30 PM - 3:30 PM, May 06, 2014

Conference Playlist

David Marchant

Opening Remarks

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Burke Files, Tim Ridley, Jack Blum, James McConvill, Dan Reeves

In An Age of Transparency & Automatic Tax Information Exchange, Can OFCs Survive?

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Edward Davis, Jr., Edward Bannister QC, Neville Adderley, Ian Kawaley

Tax, Fraud, & Finance: Offshore Judges Discuss Key Rulings at Their Courts

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Gonzalo Jalles, Glenford Malone, Joe Kraus

Beneficial Ownership Registries: An Update

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David Marchant, Carlo Fedrigoli, James Pomeroy

How to Identify Investment Frauds & Reduce Your Liability

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Jonathan Sablone, Partner, Colette Wilkins

Onshore Litigation Options for Offshore Funds

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Christine Duhaime, Partner, Nicolas Christin

Bitcoin & Financial Crime: An Analysis

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Paul Dennis QC, Nicholas Fox, Hugh Dickson

When Onshore-Offshore Liquidations Collide: How are Assets Divided?

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Brent Fuller, Dan Duguay, John Evans, Martin Bridger

Inside the Cayman Islands: The 'Operation Tempura' Affair

Watch Now May 6, 2014  
 

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