Shell Company

By ·

Shell Company
You are here:

A shell company is considered to be an incorporated company with no independent operations, significant assets, ongoing business activities, or employees. Shell companies tend to be conduits or holding companies.

See also: Shelf Company, Front Company

Source: FATF

Related Post

 Middle East and North Africa Financial Action Task Force (MENAFATF) Recognising the threats posed by money laundering and terrorist financing operations to countries in the Middle East and North Africa Region; Whereas this threat can be effectively tackled through co‑operation between countries within the MENA Region; Recalling measures taken by the United Nations...
 Formulating a Comprehensive AML Policy In most countries with robust anti-money laundering/countering the financing of terrorism (AML/CFT) governance framework, it is compulsory for financial institutions (FIs) to have its AML/CFT framework documented in the form of a company policy.  This allows the FIs to prove that reasonable steps ar...
 Reverse Money Laundering Reverse money laundering is the process where the money that starts out legitimate and grows “dirty” in its ultimate purpose.Terrorist financing is also often referred to as reverse money laundering as it focuses on utilising legal assets to carry out terrorist activities, which are often in the...

Reader Interactions

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

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