Use of financial structures and shell-companies in order to conduct laundering of proceeds of crimes against the Public Administration by Politically Exposed Persons.
- External signs of disproportionate wealth.
- Politically Exposed Person (PEP.)
- Use of companies incorporated in little or no-taxation countries that do not show apparent business activity or are incorporated by individuals whose incomes are unrelated to such transactions.
- Identification of Politically Exposed Person’s relatives and close persons as partners or directors of shell-companies.
Link to the detailed study: click here