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Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

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Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

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FCPA Blog Daily News

Entries in shell companies (11)

Thursday
Apr202017

Tom Fox on third parties: A check up from your desktop

When was the last time you did a third-party program check-up? Not a full review of all your third parties but something you can perform on a quarterly, semi-annual or annual basis with desktop tools available to you or your compliance team.

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Thursday
Dec012016

Martin Kenney: Let's have an honest discussion about the BVI

Transparency International’s Max Heywood recently posted an article on TI's website asking if the British Virgin Islands -- from where I operate a cross-border fraud and asset recovery law firm -- has “cleaned up” since the publication of the so-called Panama Papers.

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Tuesday
Aug022016

FinCEN expands beneficial owner reporting for cash real estate deals

The Financial Crimes Enforcement Network (FinCEN) is expanding required reporting of beneficial owners for cash real estate purchases beyond Manhattan and Miami to six new areas in California and Texas.

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Wednesday
Jul272016

Report: Panama Papers show role of shell companies in Saipem Algeria bribes

The law firm at the center of the Panama Papers leak may have helped facilitate an alleged multi-million corruption scheme tied to Sonatrach contracts won by Saipem. 

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Friday
May062016

White House acts to end secret U.S. companies and hidden foreign ownership

Official White House Photo by Pete SouzaThe Obama Administration Thursday announced a series of actions to end the use of anonymous corporations in the United States and require disclosure of beneficial owners when foreigners deposit money or buy assets in this country.

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Tuesday
Apr052016

Shruti Shah on PBS: Panama Papers show it's too easy for the bad guys (with video)

Shruti Shah, a contributing editor of the FCPA Blog and the vice president for programs and operations at Transparency International-USA, appeared Monday evening on the PBS News Hour.

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Thursday
Apr232015

Banks and opaque offshore structures: UK Privy Council weighs in

Last month the UK Privy Council delivered an important decision on the extent to which a bank is obliged to make inquiries into the underlying commercial purpose of offshore financial arrangements.

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Tuesday
Mar312015

Swiss bank pays $211 million penalty under DOJ amnesty program

Lugano-based BSI SA on Monday became the first bank to use a DOJ amnesty program to resolve potential criminal offenses for helping U.S. taxpayers use secret accounts and offshore shell companies to evade taxes.

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Friday
Jun062014

Book exposes world of anonymous shell companies

A book by Michael Findley and Daniel Nielson, Global Shell Games: Experiments in Transnational Relations, Crime and Terrorism, shows how shell companies are used to commit bribery, circumvent sanctions, launder money and evade taxes. And are available online for a few hundred bucks.

 

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Thursday
Mar132014

Was Mt. Gox a Delaware shell game?

The fraud allegations aimed at Japan-based Mt. Gox, formerly the world's biggest bitcoin exchange, have exposed the possible use of a shell company in Delaware in a way that law enforcement authorities have been concerned about for years.

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Monday
Nov042013

Despite tough talk, anonymous shell companies live on

Last month, UK Prime Minister David Cameron talked about plans to create a publicly accessible registry of information on the beneficial ownership of companies. This registry will be open to everyone, not just law enforcement authorities, he said. It will "shine a spotlight on who owns what and where money is really flowing," Cameron said.

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