In this episode, Aidan speaks with Carmel King, Partner at Grant Thornton UK, about the role of insolvency practitioners and liquidators in recovering assets lost to fraud and financial crime, especially in the context of digital assets.
They discuss how these powers work alongside law enforcement efforts and why collaboration, trust, and clear communication between the public and private sectors are key to delivering better outcomes for victims.
Want to go deeper? Join our upcoming webinar, ‘Closing the Asset Recovery Gap’, on 14th October at 2pm UK | 9am EDT, where former law enforcement professionals draw on their cross-sector experience to explore how civil recovery routes work alongside law enforcement and how specialised technology platforms are strengthening coordination across sectors.
Timestamps
00:00 – Introduction and Background
04:00 – The Hidden Powers of Liquidators
09:00 – Bridging Public and Private Sector Efforts
16:00 – Real-World Cases & Lessons Learned
24:00 – Tackling Law Enforcement & Victim Challenges
30:00 – Crypto Recovery: Success Stories & Civil Routes
38:00 – Navigating Jurisdictional & Valuation Hurdles
45:00 – The Future of Asset Recovery & Collaboration
About our Guest
Carmel King is a Partner at Grant Thornton UK, where she leads the digital asset recovery team. With extensive experience in insolvency and asset recovery, Carmel specialises in combating financial crime and recovering assets for victims. Her work often involves collaboration with law enforcement and private sector professionals to navigate the complexities of cross-border asset recovery and the evolving landscape of crypto assets.
Key Takeaways
Insolvency as a Recovery Tool: Insolvency and liquidation powers provide a unique mechanism to recover assets lost to fraud, complementing traditional law enforcement efforts.
Collaboration Between Public and Private Sectors: Effective asset recovery relies on coordination between law enforcement, investigators, and private practitioners to overcome legal, technical, and operational challenges.
Digital Asset Challenges: Cryptocurrencies and other digital assets introduce new complexities, requiring specialised approaches to trace, value, and recover funds.
Preventing Re‑Victimisation: Awareness and education are critical to protect victims from fraudulent recovery schemes and ensure fair outcomes.
Evolving Landscape of Asset Recovery: Case studies and ongoing developments illustrate how the field is constantly changing, highlighting the importance of innovation, technology, and co‑operation.
Resources Mentioned
Crypto Fraud and Asset Recovery Network (CFAAR)
Met Police | Two people convicted following world's largest crypto seizure
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