The Puppet Masters: How the Corrupt Hide Stolen Assets Using Legal Structures and What to Do About It
How the Corrupt Hide Stolen Assets Using Legal Structures and What to Do About It A Significant Challenge This report casts light on how corporate vehicles are misused to conceal the proceeds of grand corruption. It describes how providers of legal, financial and administrative (management) services—including banks, financial institutions, lawyers, accountants, and other professionals that are known as trust and company service providers (TCSPs)—can be employed to facilitate such schemes. While this report focuses on the use of front companies and the abuse of corporate opacity to conceal corruption, the weaknesses highlighted in this report are not specific to corruption....
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