CDR - Essential Intelligence: Fraud, Asset Tracing & Recovery 2023

25 Apr 2023 Publication

With large sums of money being lost to scams worldwide every year, fraud cases involving culprits who are outside of Singapore or are completely unknown have been on the rise. As such cases grow in complexity and scope, local law enforcement and recovery of such assets are increasingly challenging.


The Singapore authorities have continued to improve legislative and regulatory frameworks to ensure sufficient regulatory oversight of the cryptocurrency industry, while the Singapore Courts have also introduced novel tools to assist fraud victims to urgently locate, freeze and recover assets from fraudsters. In this chapter titled “Fraud, Asset Tracing & Recovery” and published by Commercial Dispute Resolution (CDR), our Deputy Head of Commercial & Corporate Disputes Wendy Lin, Partners Joel Quek, Jill Ann Koh and Leow Jiamin dive into the various options that victims have in respect of fraud, asset tracing and recovery, as well as the potential challenges they may face in Singapore.