The architect Of Offshore Fraud Haven And Orchestrator Of More Than 40 Pump And Dump Schemes Sentenced To 6 And 12 Years In Prison, Respectively, For Executing A $250 Million Money Laundering Scheme – Defendants Used Shell Companies in Belize and the West Indies to Facilitate Numerous Fraud Schemes, Including the Manipulation of Cynk Technology Corp […]

Residents in Consett, County Durham, were paid to forward post that came to their address, but said they otherwise had no involvement in the companies. One, John Mawson, said he “didn’t really know” what his role involved. Simon Dowson, who set up the legal firms, said everyone was informed. Mr Dowson, 35, from Shotley Bridge […]

Unregulated internet money transfer systems are using Edinburgh shell companies as fronts amid growing concern over money-laundering in the industry.  At least three websites offering no-questions-asked online payments are using a controversial kind of Scottish firm whose ultimate owners can be secret, file no accounts and pay no taxes. The businesses, called epay, wpay and […]

The Scottish Government has become so alarmed about shell firms being used as fronts for everything from cyber-scams to the wholesale looting of banks – usually limited partnerships or SLPs advertised as “zero-tax offshore companies” across eastern Europe –that the Sunday Herald can reveal that last week Finance Secretary Derek Mackay wrote to his UK […]

Bipartisan legislation would help stamp out corruption, money laundering and tax evasion by curbing use of anonymously-owned companies in America  Washington, DC – The U.S. Congress today introduced bipartisan legislation in response to a groundbreaking undercover investigation by advocacy group Global Witness. The exposé, which aired on CBS’ 60 Minutes and was covered by the […]