International Fraud Group

What International Fraud Group does

International Fraud Group (IFG), incorporated as International Fraud Group Limited in 2020 and headquartered in London, is a global network of 59 independent law firms and professional services firms operating across 68 jurisdictions. Founded by Mishcon de Reya LLP in the late 1990s and built on the legacy of Gary Miller's 1970s asset recovery work for Citibank in Hong Kong, IFG specializes in tracing, freezing, seizing, and recovering stolen assets in complex multi-jurisdictional fraud matters. Its service portfolio spans six dedicated divisions — Arbitration, Crypto, Group Claims, Insolvency, Shipping, and White Collar Crime & Investigations — plus the proprietary R.O.I. (Return on Investment) asset recovery methodology developed in the late 1970s and applied across hundreds of referrals valued at tens of millions of pounds.

IFG's business model is a hybrid of professional services network and membership association. The central entity monetizes via recurring member firm dues and corporate sponsorships (Grant Thornton, Augusta Ventures, Athena Partners, Central Associates, Mann & Associates); the underlying legal work is performed by member firms on a referral basis. Distribution is community-led: clients — primarily banks, financial institutions, large corporates (e.g., Citibank, Microsoft), trade finance lenders, and ultra-high net worth individuals — reach IFG through referrals, member relationships, industry conferences (flagship London fraud conference plus bi-annual rotating events in Hong Kong, Singapore, Toronto), and educational partnerships (Queen Mary University of London, Blackstone Chambers, Cambridge International Symposium). Governance is provided by a Strategic Advisory Board chaired by Abdul Malik (CIT Group). IFG is ranked Band 1 in the Chambers & Partners Global Guide 2026 Multi-Jurisdictional Directory. The organization has no disclosed revenue, no funding rounds, and operates as a private professional network rather than a corporate subsidiary structure.

Name

International Fraud Group

Legal name

International Fraud Group Limited

Website

https://internationalfraudgroup.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

The International Fraud Group is a London-based global network of 59 independent law firms across 68 jurisdictions specializing in tracing, freezing, seizing, and recovering stolen assets in multi-jurisdictional fraud matters for banks, corporates, and high net worth individuals.

Ownership category

akta.pro rank

Product category

International Legal Services — Fraud Investigation and Asset Recovery

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Fraud Investigations & Claims Support (Insurance/Financial) (BPAKAEAD)

akta.pro secondary industry

On-Chain Investigations, Tracing & Asset Recovery (FSADALAE)

Keywords

• International asset recovery
• Fraud investigation services
• Cross-border litigation
• Legal network services
• Anti-fraud advisory

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Member Firm Fees: IFG generates revenue through membership fees from its global network of law firms and corporate sponsors. The network facilitates referrals between members valued at tens of millions of pounds.
2. Corporate Sponsorships: The organization attracts corporate sponsors including Grant Thornton, litigation funders, and other professional services firms who pay to be associated with the network.
3. ROI-Based Asset Recovery Philosophy: IFG developed its R.O.I. approach to asset recovery, first deployed in the late 1970s when instructed by Citibank. This philosophy focuses on ensuring ample assets are secured at the outset to satisfy judgments obtained, and has been applied to cases producing returns sometimes exceeding costs by 20:1.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels10 records

Core offering

The International Fraud Group (IFG) is a global network of highly skilled international lawyers specializing in tracing, freezing, seizing, and recovering stolen assets across multiple jurisdictions. Founded by Mishcon de Reya LLP, the network comprises 59 member firms in 68 jurisdictions, organized into specialized service divisions including Arbitration, Crypto, Group Claims, Insolvency, Shipping, and White Collar Crime & Investigations. The network operates on a proprietary R.O.I. (Return on Investment) methodology for asset recovery developed in the late 1970s.

Product overview

The International Fraud Group (IFG) is a global network of highly skilled international lawyers specializing in tracing, freezing, seizing, and recovering stolen assets. The organization operates as a unified platform comprising multiple service divisions including Arbitration, Crypto, Group Claims, Insolvency, Shipping, and White Collar Crime & Investigations. IFG also offers educational resources through its Global Asset Recovery Guides and the International Asset Tracing and Recovery Course (delivered with Blackstone Chambers and Queen Mary University of London). The network is supported by a Strategic Advisory Board of industry experts and serves members across 59 member firms in 68 jurisdictions.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Asset Recovery Network A global network of highly skilled international lawyers who specialize in tracing, freezing, seizing, and recovering stolen assets across multiple jurisdictions. Serves banks, financial institutions, corporations, law firms and high net worth individuals.
• Arbitration Division Provides international arbitration services for resolving commercial disputes across multiple jurisdictions, leveraging IFG member firms' expertise.
• Crypto Division Specialized division focusing on cryptocurrency fraud, blockchain tracing, and digital asset recovery.
• Group Claims Division Handles collective legal actions and group litigation for fraud victims.
• Insolvency Division Manages insolvency-related fraud cases and asset recovery in bankruptcy proceedings.
• Shipping Division Addresses maritime fraud including bunkering fraud, cargo and document fraud, chartering fraud, and port-related fraud across 17 jurisdictions.
• White Collar Crime & Investigations Division Global network of criminal defence and investigations lawyers handling mutual legal assistance, criminal sanctions, money laundering, fraud, corruption, insider dealing, and civil recovery cases.
• International Asset Tracing and Recovery Course A three-day professional development program delivered in collaboration with Blackstone Chambers and Queen Mary University of London, focusing on legal and practical aspects of asset tracing and recovery.
• Global Asset Recovery Guides Practical guides offering roadmaps for navigating asset recovery across various jurisdictions.

Quantifiable outcome

• Cases have produced returns exceeding litigation costs by sometimes as much as 20:1
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core, strategic, secondary and minor.

• Grant ThorntoncoreStrategic or Co-development PartnerGlobal accountancy practice serving as corporate sponsor. Represents IFG through Kevin Hellard and Will Davies. Grant Thornton provides forensic accounting expertise and access to the Asset Recovery Fund II LP for case funding.
• Central Associates LimitedcoreStrategic or Co-development PartnerLeading London-based investigation, intelligence, and surveillance firm. IFG sponsor represented by Helen Hatton and Bee Hatton. Helen Hatton serves as Chairman and Head of the Jersey Office.
• Mann & AssociatescoreStrategic or Co-development PartnerPublic accounting corporation headquartered in Singapore with offices in Shanghai, Jakarta, Sydney, and Zurich. Premier insolvency and restructuring service provider focusing on valuation and financial forensics.
• Queen Mary University of LondoncoreStrategic or Co-development PartnerEducational partnership through The Centre for Commercial Law Studies (CCLS). Collaborates on the International Asset Tracing and Recovery Course, helping educate the next generation of fraud fighters.
• Traffik Analysis HubstrategicStrategic or Co-development PartnerLeading global technology platform to disrupt human trafficking. Charity and tech partner providing data analysis capabilities for fraud investigation work.
• Stop the TraffikstrategicStrategic or Co-development PartnerPioneer in human trafficking prevention. IFG partner working on supply chain vulnerability identification and hackathon collaborations.
• C5 GroupsecondaryGTM or Marketing PartnerCo-marketing partnership for Fraud, Asset Tracing & Recovery conferences. IFG serves as media partner for events in Geneva, Paris, and Miami.
• OffshoreAlertsecondaryGTM or Marketing PartnerCo-marketing partnership with one of the industry's most prestigious conference organizers. Partnership covers London, Bangkok, and Miami conferences.
• Kisaco ResearchminorGTM or Marketing PartnerMarketing collaboration with event organizer. IFG members should watch for their events.
• ThoughtLeaders4 FIREminorGTM or Marketing PartnerStrategic media partnership. ThoughtLeaders4 FIRE community hosts events worldwide with over 6,000 members in the Fraud, Insolvency, Recovery, Enforcement space.
• TECA (Tackling Economic Crime Awards)minorOthersIFG has joined TECA as a Supporting Organisation for the Tackling Economic Crime Awards.
• Asset Recovery CEE / Bearstone GlobalstrategicStrategic or Co-development PartnerStrategic alliance with Bearstone Global supporting the Asset Recovery CEE event, expanding IFG's reach in Central and Eastern Europe.
• Blackstone ChamberscoreStrategic or Co-development PartnerPartnership with leading barristers' chambers for the International Asset Tracing and Recovery Course. Provides expert speakers including Luka Krsljanin and Ajay Ratan.
• Mishcon de Reya LLPcoreStrategic or Co-development PartnerFounder and host firm of IFG. Gary Miller, Partner at Mishcon de Reya, serves as IFG Chairman. Provides administrative support and hosts flagship events.
• Karas So LLPsecondaryChannel Partner/ Reseller/ DistributorHong Kong member firm that organized the IFG Spring Conference in Hong Kong in April 2024, in association with Mishcon de Reya.
• Oon & Bazul LLPcoreChannel Partner/ Reseller/ DistributorSingapore member firm that organized the International Fraud & Asset Recovery Conference in Singapore. Managing Partner Bazul Ashhab leads the fraud and asset recovery team.

Scale indicators7 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• FTI Consulting: Global consulting firm with a Forensic & Litigation Consulting segment handling fraud investigations, asset tracing, and insolvency. Comparable in fraud and asset recovery practice areas but operates as an integrated firm, not a member network.
• Kroll: Global risk consultancy providing investigations, fraud response, asset tracing, and cybersecurity services. Comparable in fraud investigation and asset recovery but as a single firm with employed practitioners across many jurisdictions rather than a network.
• Control Risks: Global risk and security consultancy with significant fraud investigation and integrity due diligence capabilities. Comparable in fraud investigations but as a single firm with a broader corporate risk mandate.

Direct peers

• TerraLex: International legal network of member firms in 100+ jurisdictions. Directly comparable as a referral-driven network of independent law firms serving cross-border matters, including fraud and asset recovery through member coordination.
• Multilaw: International network of independent law firms with members in 100+ jurisdictions. Comparable as a membership organization facilitating cross-border client referrals and know-how sharing among independent firms.
• ALFA International: Global legal network of member law firms with strong US roots and international coverage. Comparable as a member-firm alliance relying on peer referrals, quality vetting, and shared cross-border expertise.
• Lex Mundi: Global legal network of independent member firms across more than 125 jurisdictions. Highly comparable as a membership-based international law firm alliance competing for cross-border mandates, though broader in practice than IFG's fraud-only focus.
• World Services Group: International network of professional services firms including legal, accounting, and consulting. Comparable as a multi-jurisdiction professional services network competing for cross-border engagements.
• Meritas: Global alliance of independent business law firms across more than 90 jurisdictions. Comparable as a curated legal network with quality standards, member-firm referrals, and cross-border case coordination similar to IFG's model.

Others

• Grant Thornton: Global accounting network that is both a corporate sponsor of IFG and provides forensic accounting expertise and access to Asset Recovery Fund II LP. Comparable as an adjacent ecosystem participant in cross-border fraud recovery and asset tracing work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ifraudgp

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Fraud Group