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Mark Jenner & Co Limited
Independent forensic accountants
Independent forensic accountants
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The trouble with money laundering it can hit you business without you knowing anything until the National crime Agency comes knocking at your door!  You may be happy that you are getting paid for the goods you export, but do you examine how the money turns up in your bank account? If you are getting paid in installments (eg four deposts of £5k for a £20k bill) or the money is being deposited in cash (in the UK) instead of a transfer from abroad, then you have a legal duty to check things out!  Read more in my latest article:

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Insolvency Practitioners have to be hard business men - it is no career for the faint hearted! I have worked with a number of such professionals, and found them to be generally fair, but also pretty robust. I have come across some practitioners or cases involving them where this cannot be said.

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As a forensic accountant I use a computer every day. It is obviously a word processor, data processor and document archive. It is also used for research and communication. Further uses are keeping my business records and for my business banking. Like many other businesses, I have come to rely on my computers! Therefore, most of my investigations (I cant actually think of an exception) involve examining some form of computer evidence or indeed interrogating the computers themselves. Unfortunately the criminals have also come to rely on computers in this age of Information Technology!

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Confiscation proceedings have been an important area of work for me for many years now. I have been mulling over some of the regular issues that need to be addressed and it is apparent that the Crown is becoming quite thorough in its application of the case law arising out of POCA 2002. However, there continues to be substantial scope for applying an independent forensic accounting viewpoint even if the opportunity to exclude errors such as double counting are fewer and further between. One of the main benefits of a forensic accountant's report will be the clarification it can provide.

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I made a New Years resolution to keep my blog site current in 2016. I think writing is like a muscle, and doesn't like too much rest!
I have just posted a new blog that revisits a subject that is very close to my heart - the reason why the regulatory authorities don't use experienced forensic accountants enough - yet seem to accept the defence using them to challenge their reports. There is a cost to the public purse whoever uses them - its just an argument over whose budget suffers.

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When writing articles about money and how to quantify assets I was reminded of trying to carry water in a bucket full of holes - its not easy!
Very often we have to disprove assumptions made by the other party that are not based on evidence, but we must show the opposite to be the case. Hidden assets are a good example, when the Crown is allowed to suggest that a defendant has hidden wealth - we have to prove that he hasn't salted money away. We have to prove the negative!

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Are Offshore Banking Havens Still A Safe Bet?

Tax evasion is one of the key tenets of our business. The challenge is to establish for our clients how little or how much should have been disclosed to the Revenue during or following a criminal investigation.

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Continuing on the theme of Money Laundering and how the criminal gangs are hijacking legitimate Hawala Banking businesses so that innocent parties (though somewhat naive) may be caught up in the processing of proceeds of crime, this article highlights the risk of doing business with businesses abroad if you do not do due diligence on your customer!

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We continue to receive regular instructions regarding cases involving Hawala Banking and have over the years developed our name as Independent Hawala Experts happy to provide a balanced explanation of the system, or carry out a forensic accounting examination of the relevant transactions involved - to the Prosecution or defence alike.

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These are occasions when a forensic accountant is essential, to clarify and present a financial position so that it can be resolved in a balanced way. However, I feel that a competent and experienced forensic accountant is able to offer considerable value to any client regardless of the financial issue that prompts the contact.
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