Sentences with phrase «u.s. shell companies»

Currently, corrupt foreign politicians — as well as tax evaders, fraudsters and terrorists — can legally mask their identities and their assets behind anonymous U.S. shell companies in order to open secret bank accounts to stash their ill - gotten gains.

«Criminals use U.S. shell companies to commit financial fraud, drug trafficking, even terrorist financing, in part because our states don't require anyone to name the owners of the companies they form,» Levin said in an email to Reuters.

Not exact matches

The condo, then worth $ 1.65 million, was paid for under cover of a Panamanian shell company, according to a 1986 lawsuit filed in the U.S. by the Haitian government.)

Cal - Maine's 2010 Annual Report to shareholders says that the company's shell eggs are sold to «a majority of the largest food retailers in the U.S.» Among its customers are retailers such as HEB and Publix.

In an unrelated incident, Halloran also pledged to steer $ 80,000 to a shell company operated by the cooperating witness and the undercover agent in exchange for cash bribes and fake donations to his unsuccessful 2012 congressional campaign, which he lost to U.S. Rep. Grace Meng (D - Bayside).

Environmentalists complain that the changing recipes amount to a shell game, where companies make tiny changes and then continue to sell a product while the U.S. Environmental Protection Agency (EPA) restarts safety protocols.

So I ignored all the hype about the China miracle and the piles of money to be made there, until I became aware of a few smart guys (google Carson Block), who were investigating Chinese companies that had gotten listed on U.S. and Canadian exchanges by doing reverse mergers with shell companies (RTOs).

The exposé, which aired on CBS» 60 Minutes and was covered by the New York Times, shines a light on how easily suspect money can flow into the U.S. via anonymously - owned shell companies.

How can internet giants know that innocent - seeming U.S. companies aren't actually shell vehicles for malicious foreign actors to buy ads to interfere with elections?

The use of shell companies by criminals to make all - cash real estate purchases served as the impetus for FinCEN's Geographic Targeting Orders that require certain U.S. title insurance companies to report beneficial ownership information on legal entities used to purchase certain high - end residential real estate.

Lawrence Scheinert, director of the Office of Special Measures at the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), presented a new program called the Geographic Targeting Order during the REALTORS ® Legislative Meetings & Trade Expo in Washington, D.C.. It's a temporary anti-money laundering program requiring U.S. title insurance companies to report information about «covered transactions» made by what's commonly known as shell companies, Scheinert said at the Business Issues Policy Committee meeting.

A program initiated by the U.S. Treasury is rooting out shady real estate purchases made by shell companies linked to potential criminals — and brokers can help.

In 2014, U.S. District Judge Katherine Forrest granted summary judgment to prosecutors» forfeiture request, agreeing that the government had established that the building's primary owners — the Alavi Foundation and a shell company controlled by the government of Iran — had been violating Iran sanctions laws since 1995.