The duo were former Metropolitan Police officers within the serious and organised crime command, experienced in high net worth and family office fraud.

UK-based Requite Solutions, the fraud investigation and prevention specialists, has launched in Brignorth, Shropshire. 

The firm has been set up to fight unreported fraud cases and a growing market of victims whose cases are not investigated by the police, the firm said in a statement.

It has been founded by two Metropolitan Police detectives, James Mills and Suzanne Raftery, formerly of the serious and organised crime command. They are experienced in the most complex cases surrounding high net worth individuals and family office fraud. Their expertise covers all aspects of consumer and HNW fraud, money laundering, mandate fraud, cybercrime, and corporate training and prevention.

Requite Solutions has been set up to deliver a bespoke service to victims of fraud providing an immediate assessment of how it can assist, freeze assets, recover funds, and capture critical evidence relevant to securing prosecutions. It also specialises in the high net worth demographic which is “critically under-serviced”. 

Complex cases are often too time consuming for the police and the judicial process is enormously costly. Criminal convictions are rare and the confiscation order system is protracted and often ineffective. Asset recovery is therefore gaining enormous commercial traction in the market place as a solution to these inefficiencies.

According to the City of London Police, 85 per cent of fraud remains unreported. The police state that there is an apathy with victims of fraud, both individual and corporate, ranging from acceptance to embarrassment, from reputational concerns to a complete lack of faith in the system.  In 2017, it is estimated that Action Fraud disseminated less than 10 per cent of the cases reported to the police for investigation. 

"The market is in desperate need of a service that provides a fast, agile response to the unique requirements of fraud victims,” said Mills, managing director at Requite Solutions. “We will immediately act to secure evidence that may identify perpetrators and build a strong case of evidence against them whilst mitigating further risks. Our financial and fraud expertise enables us to understand the mind-set of a fraudster, and our clients have a greater chance of retrieving their funds often at a fraction of solicitor costs".