The FCPA Blog | By: Shruti J. Shah | August 09, 2017:
Anonymous companies have attracted much attention in the past couple of years, and for good reason. These companies are used to facilitate a number of crimes, including corruption, money laundering and the trafficking of arms, drugs and humans.
Recent discussions about how to address anonymous companies have raised important national security issues. News stories point to how Moscow interfered in Central and Eastern European countries by using anonymous companies to take over important sections of the economy.
NPR recently did a segment on how anonymous companies enable North Korea to dodge sanctions. And almost every story on money laundering and real estate seems to feature anonymous companies.
The steady stream of news is not surprising as the United States has been subject to increased criticism for its lax approach to anonymous companies, particularly in the aftermath of the Panama Papers. However, there are recent and positive signs that the U.S. is beginning to address the potential threat that anonymous companies pose to our security and economy.
To read full article – please click here.
