Sentences with phrase «shell company transactions»

Alternative investment strategies, including reverse mergers and shell company transactions.

Not exact matches

Martello entered into an agreement with TSX Venture Exchange listed shell company Newcastle Energy Corporation to complete a reverse takeover transaction.

Many details of the new spinoff plan remain to be worked out, including who will run the Alibaba shell company and whether the new transaction will incur taxes.

The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement.

The use of shell companies in all - cash real estate purchases is an attractive tactic for criminals seeking to conceal their identities, and launder large sums of money — ALL while escaping scrutiny of the traditional anti-money laundering protections in place in financed real estate transactions.

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.

The shell company collected a portion of the title company's profits and then redistributed those profits to the associates on the basis of the number of transactions the associates referred to the title company.