By Steve Kardell | Published March 15, 2021 | Posted in Graft and Corruption, New Legislation | Tagged Tags: Corporate Transparency Act, money laundering, shell companies |
A new law passed in Congress in December that will, for the very first time, require shell companies to provide the names of owners, or face jail time and/or stiff financial penalties. This information will be stored in confidential databases for federal law enforcement officials, and will be shared with banks to prevent them from Read More
Read MoreThe law firm that was the center of the “Panama Papers” leak earlier this year may have been involved in a multimillion-dollar corruption scheme tied to contracts from Algeria energy company Sonatrach — contracts that a firm called Saipem received. According to a report from the Internal Consortium of Investigative Journalists (ICIJ), the law firm Read More
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