Shell Companies | AMLP Forum

FATF’s President Elisa de Anda puts Shell Companies on notice: reform or face FATF scrutiny

by Jyotsna Bucktowar | Sep 5, 2025

FATF has urged governments to strengthen transparency around shell companies, warning that continued opacity may lead to international censure. FATF President Elisa de Anda Madrazo described anonymous legal entities as the “getaway car” for money laundering and...

Job X Dubai: Dubai billionaire Abu Sabah sentenced to 5 years for AED150m ML, marking the collapse of his lavish empire

by Jyotsna Bucktowar | May 4, 2025

This conviction marks the dramatic fall of his once-thriving business empire, built on real estate development, luxury goods, and ostentatious displays of wealth. Sahni, who rose to prominence in Dubai with his lavish lifestyle and high-profile acquisitions—including...

The Brussels Times: Brussels authorities seized €1.4m in a major AML operation, uncovering a criminal network using shell companies and fake invoices to launder illicit funds

by Jyotsna Bucktowar | May 2, 2025

The operation uncovered how the criminal group used a network of shell companies and falsified invoices to launder illicit funds, effectively masking the origins of money, often derived from illegal activities such as drug trafficking. Investigators discovered that...

FinCEN extends real estate GTOs, mandating title insurers to disclose the true buyers behind shell companies in all-cash home purchases to combat ML, with the orders effective until Oct 2025

by AdrianaAMLP | Apr 14, 2025

The GTOs apply to select counties in 15 states and D.C., with no changes to jurisdictional coverage or purchase price thresholds ($300,000, or $50,000 in Baltimore). The renewal supports efforts to track illicit funds and criminal activity in the real estate...

US DoT sanctions an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to China

by Jyotsna Bucktowar | Feb 6, 2025

The US Department of the Treasury’s OFAC has sanctioned an international network involved in shipping millions of barrels of Iranian crude oil to China, on behalf of Iran’s Armed Forces General Staff and its front company, Sepehr Energy. The sanctions target entities...

« Older Entries

FATF’s President Elisa de Anda puts Shell Companies on notice: reform or face FATF scrutiny

Job X Dubai: Dubai billionaire Abu Sabah sentenced to 5 years for AED150m ML, marking the collapse of his lavish empire

The Brussels Times: Brussels authorities seized €1.4m in a major AML operation, uncovering a criminal network using shell companies and fake invoices to launder illicit funds

FinCEN extends real estate GTOs, mandating title insurers to disclose the true buyers behind shell companies in all-cash home purchases to combat ML, with the orders effective until Oct 2025

US DoT sanctions an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to China

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