ICC Commercial Crime Service

The People’s Money $£¥

FraudNet members talk about working for victims in the world of international fraud, asset tracing and asset recovery.

The biggest misconception people have about complex fraud is:

That it is complex.

The biggest misconception government officials have about complex fraud is:

That it is complex.

The greatest challenges in asset tracing and recovery in my part of the world are:

Keeping it simple.

The greatest challenges worldwide are:

Keeping it simple. The more borders the fraud crosses the more challenges and delay there are. Complexity ensues.

What I tell victims of fraud about the process of asset tracing and recovery is:

Determination is required. Patience will be tried. Make a plan. Budget the plan. Execute the plan. Be prepared for the plan to change. Make a new plan. Expect the original budget to be blown. Focus on executing the new plan until it changes. Repeat.

The most challenging day I’ve faced on a case was:

Losing.

The best day I’ve ever had working on a fraud case was:

Winning.

I became a member of FraudNet:

To win more.

Asset tracing and recovery is a chosen part of my work, because:

It beats being a solicitor.

Lincoln Caylor of Bennett Jones is recognized as a “leading counsel and commentator in the [asset recovery] field,” by Chambers Canada 2016 and is listed as a Most Highly Regarded Individual in North America by Who’sWhoLegal: Asset Recovery 2015. The sole Toronto member of ICC FraudNet, he is internationally recognized for leading state-of-the-art asset tracing investigations and pursuing asset recovery litigation and enforcement actions in prominent, high-value international financial frauds and other economic crimes.





ICC FraudNet is an international network of independent lawyers who are leading civil asset recovery specialists in each country. Recognized by Chambers Global as the world’s leading asset recovery legal network, our membership extends to every continent and the world’s major economies, as well as leading offshore wealth havens that have complex bank secrecy laws and institutions where the proceeds of fraud often are hidden. Founded in 2004 by the Paris-based International Chamber of Commerce (ICC), the world’s business organization, FraudNet operates under the auspices of the ICC’s London-based Commercial Crime Services unit.