Knowledge & Insights

Asset tracing and recovery is of utmost priority to victims of fraud. Global fraud has skyrocketed, with Singapore being no stranger to this – it has been reported that scammers stole an estimated of S$1.4 trillion globally, with victims in Singapore losing the most money on average. The common law (including the Singapore Courts) have responded with important decisions introducing novel tools to assist victims of fraud.

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 Jiamin Leow analyse the various options accorded by Singapore legislation and Courts to victims of fraud, as well as recent developments that have combined the use of the newest technological tools and the law to catch up with the ever evasive fraudsters.