FAQ: WHAT’S A PROXY? USING RELATIVES, SHELL COMPANIES, AND OTHER STAND-INS TO HIDE ILLICIT WEALTH

On 24 January, OCCRP published this FAQ saying that proxies are people that form a crucial part of a sophisticated secrecy industry that undermines the global financial system by letting dirty money flow undetected, unchecked, and uninterrupted around the world.  The article sets out to provide everything you need to know about how sanctioned oligarchs, crime bosses, and corrupt politicians, often abetted by financial industry professionals, are able to rely on friends, family, and business associates to disguise and protect their interests.

https://www.occrp.org/en/asset-tracker/faq-whats-a-proxy-using-relatives-shell-companies-and-other-stand-ins-to-hide-illicit-wealth

https://www.buymeacoffee.com/KoIvM842y

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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