FinCEN Expands Anti-Money Laundering Targeting Orders

Law360, New York (November 30, 2017, 2:37 PM EST) — Last year, the world was introduced to the Panama Papers, and this year, the Paradise Papers followed.[1]

Both document leaks involved the theft of massive volumes of confidential attorney-client information. But they also shed light into an opaque part of the global financial markets, which involves the use of special purpose corporate vehicles (commonly known as shell companies) and offshore bank accounts to transfer money around the world while obscuring the identities of the ultimate beneficial owners. Much has been written about the celebrities, multinational corporations,…

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