Argentina: Typology case 2: Laundering of Proceeds of Crimes Conducted against the Public Administration

910

OVERVIEW

Use of financial structures and shell-companies in order to conduct laundering of proceeds of crimes against the Public Administration by Politically Exposed Persons.

RED FLAGS

  • 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.

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