Shelf Company

By ·

Shelf Company
You are here:

A shelf company is considered to be an incorporated company with inactive shareholders, directors, and secretary and is left formant fora longer period even if a customer relationship has already been established.

See also: Shell Company, Front Company

Source: FATF

Related Post

 List of Company Registers Around the World Part of performing customer due diligence in corporate entities is to establish the identity of the beneficial owner(s). This information may be found on the company's business profile which can be obtained, usually for a fee, via a search on a company registry.We have compiled a list of the official registries around the world below. If you wo...
 The Office of Foreign Assets Control (OFAC) The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury maintains and enforces the U.S. sanctions programs. To enforce sanctions, OFAC can freeze assets, bar firms and individuals from the U.S. financial system, and impose fines for non-compliance.
 Why large denomination notes poses a high money laundering risk Criminals performing illicit activities prefer to use cash as their primary financial instrument to facilitate their transactions. Given its anonymity and privacy, authorities around the world face difficulty in tracking criminals down. However, cash has its drawbacks. The smaller the denomination of the cash collect can amount to a more substantia...

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

Be the first to know
We hate spam as much as you do