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.
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