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The Role of Domestic Shell Companies in Financial Crime and Money Laundering

Department Of The Treasury Financial Cri

  • Bindwijze: Paperback
  • Taal: Engels
  • Categorie: Rechten
  • Uitgever: Createspace Independent Publishing Platform
  • ISBN: 9781502951229
Limited Liability Companies November 2006
Inhoud
Taal:Engels
Bindwijze:Paperback
Verschijningsdatum:oktober 2014
Aantal pagina's:28 pagina's
Illustraties:Nee
Betrokkenen
Auteur(s):Department Of The Treasury Financial Cri
Auteur(s):Department Of The Treasury Financial Cri

Samenvatting

By the virtue of the ease of formation and absence of ownership disclosure requirements, shell companies generally defined as business entities without active business or significant assets are an attractive vehicle for those seeking to launder money or conduct illicit activity. While business entities generally, and shell companies specifically, have legitimate commercial uses, this lack of transparency in the formation process poses vulnerabilities both domestically and internationally.