Anonymously owned companies unite all crimes that generate money

The U.S. is one of the easiest places to set up an anonymous shell company to move ill-gotten gains around the world. It’s also one of the most popular places to do so for the criminal and corrupt.  Examples (below, in Global Witness’ The Great Rip Off report, and on this on-line interactive map) show how these anonymously owned companies are what unite all crimes that generate money.

Anonymous companies have been created  in the U.S. to carry out questionable or illegal activities that harm our national security, taxpayers, vulnerable populations,businesses, poor countries, and more.  A few examples include:

The Incorporation Transparency and Law Enforcement Assistance Act (H.R. 4450 and S. 2489House and Senatebill fact sheets) would require all American companies, with a number of exceptions, to disclose the real people who own or control them when they are formed, and to keep that information updated.

Stefanie Ostfeld

sostfeld@globalwitness.org

+1 202 621 6674

Mark Hays, Senior Advisor on Money Laundering

mhays@globalwitness.org

+1 202 847 3391

Global Witness, has several experts available to talk about these new revelations: contact Andy Stepanian, 001.631.291.3010, andy@sparrowmedia.net.