Finapact Global Traces $1.2 Million in Frozen Romanian Assets
Finapact Global successfully uncovers and reclaims $1.2 million in Romanian assets tied to a software licensing corruption case, overcoming complex international legal hurdles.
Case Overview
In 2022, a multinational technology company reported suspected corruption involving software licensing contracts in Eastern Europe. Investigations revealed that $1.2 million had been illicitly diverted into Romanian-based accounts and subsequently frozen under local anti-corruption measures.
The client engaged Finapact Global to identify, secure, and facilitate the release of these frozen funds while ensuring compliance with cross-border anti-money laundering (AML) protocols.
Key Challenges
Assets tied up in prolonged Romanian legal proceedings
Conflicting regulations between EU anti-corruption frameworks and corporate asset rights
Language barriers and procedural complexities in local court systems
The risk of further asset dissipation during the appeal process
“We called Imagine Clany Eco when another company cancelled on us last minute for our move-out cleaning. Clany Eco was able to book us and make it out in 2 hours and did an amazing job. We even got our deposit back.”
Our Recovery Strategy
Asset Mapping: Conducted detailed tracing of diverted funds through corporate and shell entities in Romania
Legal Liaison: Partnered with local Romanian counsel to navigate judicial procedures and release protocols
Evidence Submission: Compiled an AML-compliant evidence package to support ownership claims in court
Government Engagement: Worked with anti-corruption agencies to validate the legitimate corporate origin of the assets
Results Achieved
$1.2 million successfully recovered from Romanian frozen accounts
Court approval obtained for full repatriation of assets to the client’s headquarters
Recovery completed within 7 months despite multiple procedural delays
Impact
This recovery reinforced Finapact Global’s ability to unlock frozen funds in complex legal environments, demonstrating the power of strategic partnerships and meticulous forensic tracing in asset recovery.