Loretta
Rice
Senior Associate
Loretta Rice is a Certified Fraud Examiner specializing in investigations and financial crime matters, including internal and regulatory investigations, remediation programs, and forensic financial analysis for enforcement and regulatory proceedings. She has over eight years’ experience across forensic accounting, investigations, and financial crime advisory, supporting corporates, financial institutions, and legal counsel on high-risk, cross-border matters.
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Loretta has worked on a DOJ monitorship and other high-profile engagements involving bribery and corruption, AML and sanctions-related issues. Her work has included assessing financial crime risk management frameworks, reviewing compliance control environments, and leading enhanced due diligence reviews following major corporate acquisitions. She also provides forensic financial analysis, including gain calculations and ability-to-pay assessments submitted to the PNF, the US DOJ, regulators and the courts.
Loretta specializes in matters involving the Middle East and holds a degree in Arabic and Persian languages from the University of Cambridge. She is a Certified Fraud Investigator.
- Binance: Supported the DOJ monitorship of a global digital asset exchange, assessing financial crime risk management, governance, and remediation progress, including the effectiveness of AML and sanctions controls against international regulatory expectations.
- Financial Institution: Supported a regulatory investigation into AML, sanctions and market conduct matters, including participating in approximately 30 investigative interviews relating to high-risk lending, capital exposure and potential insider trading.
- ABB: Supported Swedish-Swiss multinational ABB in reviewing and enhancing its internal controls as part of remediation discussions with the US DOJ.
- NEOM: Prepared a fraud risk assessment for a planned mega-city and urban innovation hub in northwest Saudi Arabia, participating in on-site workshops.
- Financial Services Company: Led a financial crime remediation project following a high-profile acquisition, overseeing a team in upgrading client files to enhanced due diligence standards and preparing reporting on high-risk clients for the Group Head of Finance.
- Asset Management Company: Supported the preparation of an independent expert witness report in response to accounting misrepresentation allegations, including forensic analysis to rebut opposing expert evidence. Report was submitted to the DFSA.
- Middle Eastern Debtor: Conducted forensic asset tracing in relation to a high-net-worth individual, resulting in the identification and recovery of assets, and prepared evidence in support of preliminary attachment orders.
- Telecommunications Company: Compiled and analyzed evidence relating to a multi-jurisdictional Middle Eastern bribery and corruption scheme, including identifying and interviewing witnesses and whistleblowers.
- Healthcare Solutions Company: Supported a gain calculation and ability to pay analysis relating to a False Claims Act investigation, the results of which were used by the US DOJ in its penalty assessment and final settlement with the company.
Biography
Loretta Rice is a Certified Fraud Examiner specializing in investigations and financial crime matters, including internal and regulatory investigations, remediation programs, and forensic financial analysis for enforcement and regulatory proceedings. She has over eight years’ experience across forensic accounting, investigations, and financial crime advisory, supporting corporates, financial institutions, and legal counsel on high-risk, cross-border matters.
Awards & Recognition
