Shell Companies are Becoming the New Weapon of Choice within the Money Laundering World

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The international Financial Action Task Force (FATF) has distributed a thorough examination of schemes used to disguise beneficial ownership for vehicles and illegally acquired assets. The report utilises more than 100 contextual analyses given by 30 different FATF members; with a thorough examination given to the association of professional intermediaries, for example, trusts and other high-risk organisations such as service providers.

It demonstrates that legitimate entities, for example, shell organisations are now generally the preferred method of vehicle, overtaking bearer shares and front companies; while the use of nominee directors and family members are areas of additional concern.