**Case Summary**
In 2022, a global technology firm uncovered suspected corruption linked to software licensing agreements in Eastern Europe. Internal investigations revealed that approximately $1.2 million had been illicitly transferred into Romanian accounts, which were subsequently frozen under national anti-corruption laws.
The company enlisted **Finapact Global** to recover the frozen assets, ensuring full compliance with international anti-money laundering (AML) standards throughout the process.
**Key Challenges**
* Prolonged legal entanglements within the Romanian judicial system
* Navigating the intersection of EU anti-corruption legislation and corporate asset protection rights
* Language and procedural barriers within local legal processes
* Potential risk of asset dissipation amid ongoing legal appeals
**Our Strategic Approach**
* **Asset Tracing:** Executed a comprehensive forensic investigation to map the movement of funds through various corporate structures and shell companies in Romania
* **Legal Collaboration:** Engaged experienced Romanian legal counsel to manage local litigation and asset release procedures
* **Compliance & Documentation:** Prepared a robust evidence portfolio aligned with AML regulations to substantiate the client’s ownership claims in court
* **Regulatory Engagement:** Coordinated with Romanian anti-corruption authorities to affirm the lawful corporate origin of the diverted funds
**Outcome**
* Full recovery of the $1.2 million from frozen Romanian accounts
* Judicial authorization secured for repatriation of the assets to the client’s home jurisdiction
* Asset recovery completed in under 7 months, despite procedural hurdles and regulatory complexities
