Author: Syedur Rahman 10 August 2021
Rahman Ravelli is one of the founders of the first global network for crypto fraud and asset recovery professionals.
The firm has joined fellow legal professionals, forensic accountants and corporate intelligence and asset recovery experts to create CFAAR – the Crypto Fraud and Asset Recovery network.
CFAAR has been founded in order to help professionals who are at the forefront of crypto-related disputes and events develop and share best practice. It aims to ensure that the UK is seen as the main centre for dispute resolution in the rapidly-changing crypto world.
The number of frauds being reported involving activities such as cryptocurrency theft, initial coin offerings (ICOs) and ransomware attacks is increasing, as is the scale and sophistication of such activities. Rahman Ravelli was eager to see CFAAR set up as a strong, effective response to the problems posed by the use of crypto by those looking to make illegal gains.
CFAAR’s founding members – Rahman Ravelli, Asset Reality, Essex Court Chambers, Grant Thornton, Osborne Clarke, , RPC, Stewarts and Twenty Essex – include those who have led the first crypto-related disputes in English courts. Some members, including Rahman Ravelli, have devised new approaches to global crypto fraud investigations and the tracing and recovery of cryptoassets, and have been involved in some of the most significant crypto court judgements.
CFAAR’s founders are looking to create a global community of professionals that will be involved in meetings, seminars, conferences and other events to help develop and promote ideas, skills and relationships that will ensure the challenges posed by crypto are met. An in-person launch event is planned in London for October 2021.
Syed Rahman, one of Rahman Ravelli’s crypto specialists, said: “Rahman Ravelli has been heavily involved in setting up CFAAR as we believe it is one of the best ways to build the networks and develop the approaches necessary to protect those who are looking to use cryptocurrency in a fair and honest way.
“As we are at the sharp end of cryptocurrency investigations, we are seeing rapid developments. The number of investigations is rising and the cross-border nature of many of these investigations has led to more countries, organisations and individuals becoming involved. CFAAR is a response to this.’’
Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.