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

 South Africa’s Zuma Signs Anti-Money Laundering Bill Into Law The President of South Africa, Jacob Zuma, signed the amendment of the Financial Intelligence Centre Act that aims at tackling money laundering, tax evasion, and terrorist financing activities. The bill will allow increased scrutiny of the bank accounts of "prominent individuals", including himself, into law, his office said on Saturday.Zuma ha...
 Tax Crimes Tax Evasion Tax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the real state of their affairs to the tax authorities to reduce tax liability and includes dishonest tax reporting, such as declaring less income, profits or gains than the amounts ac...
 Global Terrorism Index 2017 The Global Terrorism Index (GTI) is produced by the Institute for Economics & Peace (IEP) and is based on data from the Global Terrorism Database (GTD).Data for the GTD is collected and collated by the National Consortium for the Study of Terrorism and Responses to Terrorism (START); a Department of Homeland Security Centre of Excellence le...

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Your email address will not be published.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