The Stolen Asset Recovery Initiative has produced this report which analyses a family of related corporate arrangements in which nominees act as agents of principals in control of shell companies. It focuses on how nominee arrangements can be abused to facilitate financial crime by obscuring the identity of those in control of shell companies and on policies designed to counter such abuses. It says that nominee arrangements are currently both a threat and a missed opportunity for policy-makers. Strengthening the regulation of nominee arrangements can enhance the transparency of shell companies and help reduce financial crime.
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