Only a fool holds dirty money in his own name. The world's financial system offers safer and friendlier ways to hide the proceeds of crime. Shell companies-those with no real operations-are one, phoney trusts and foundations are another (see page 64). Belatedly, life is getting a bit more difficult for tax evaders, money launderers and those who abet them. One big move-now backed by the British government-is to oblige limited-liability companies to give details of their real owners.
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