“Nominee” – Only signs legal documents on the instructions of others. These nominee fronts conceal a wide variety of real owners, including those that are perfectly legal.
Does this not sound a lot like a company many financial institutions use to hold their name on legal documents as a Nominee or as a Beneficiary?
Sounds a lot like MERS…doesn’t it.
I’ve always said follow the money. 🙂
The Guardian-
The existence of an extraordinary global network of sham company directors, most of them British, can be revealed.
The UK government claims such abuses were stamped out long ago, but a worldwide joint investigation by the Guardian, the BBC’s Panorama and the Washington-based International Consortium of Investigative Journalists (ICIJ) has uncovered a booming offshore industry that leaves the way open for both tax avoidance and the concealment of assets.
More than 21,500 companies have been identified using this group of 28 so-called nominee directors. The nominees play a key role in keeping secret hundreds of thousands of commercial transactions. They do so by selling their names for use on official company documents, using addresses in obscure locations all over the world.
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