U4 Brief | Illicit financial flows

Tackling shell companies: Limiting the opportunities to hide proceeds of corruption

By Jason Sharman
Bergen: Chr. Michelsen Institute (U4 Brief 2012:10) 4 p

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This publication is from 2012. Some of the content may be outdated. Search related topics to find more recent resources.

Shell companies that cannot be traced back to their owners are one of the most important mechanisms by which corrupt officials transfer illicit wealth from developing countries. This process damages these countries’ development prospects. Clear international standards mandate that the real owners of all companies should be traceable, but this is often not enforced. Development agencies and developing country governments should work to prioritise more effective regulation of shell companies.

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