THE GATEKEEPERS WHO HELP OPEN AMERICA TO OLIGARCHS AND SCAMMERS

An article from ICIJ on 5 April examines the role of registered agents, saying that few other facilitators in the US financial system operate with as little oversight as the thousands of registered agents who often serve as the only publicly known contact for companies with anonymous owners. It involves examining thousands of company records filed with the state of Wyoming, with records came primarily from LLC, a business structure that offers tax breaks, legal protections and privacy safeguards.  On most of the records, the only names listed were those of registered agents. In Wyoming, the owners of LLC are not required to identify themselves.  In January, a federal law for the first time required LLC and similar business entities to provide the names and birth dates of their owners to a new government database – but that registry is not accessible to the public. 

https://www.icij.org/investigations/pandora-papers/the-gatekeepers-who-help-open-america-to-oligarchs-and-scammers/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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