Let’s say police find out money is being laundered through a bank account for a shell company. They can identify who the nominee director is because the nominee director signed all the paperwork. So what stops the nominee director from giving the name of the beneficial owner to police when questioned?
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They don’t pick directors for shady companies out of a phone book. They know what they’re getting into and they’re compensated for it too. Ratting on the owner poses two problems. The first is that they’re incriminating themselves as well in the process. The second is that there will be repercussions that the police and legal system cannot easily prevent.
Hopefully the nominee director knows what’s good for him and understands that stabbing his friends in the back will cost him his kneecaps and more.
>Let’s say police find out money is being laundered through a bank account for a shell company.
That’s not how laundering money works.
The nominee director is a homeless guy who put his name and signature on a document for $50. Good luck a) finding him and b) him knowing anything.
Normally an NDA which means that the police have to get a court order in order to compel them to say.
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