Shell companies are legal entities used for legitimate purposes or illicit activities like money laundering and tax evasion. They obscure ownership, making it challenging for compliance professionals to ensure AML regulations are met. … Read More
Shell Company
Anti-Money Laundering Verification and Shell Corporations
Anti-money laundering verification of shell companies is a challenge. A shell company is a company, or corporation, that exists only on paper and has no office or employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. … Read More