Money launderers, corrupt politicians, terrorists, arms traffickers, drug smugglers, and tax evaders all rely on two things to move their dirty money: company structures that allow them to hide their identity, and banks and other professionals willing to do business with them. Both are all-too available.
This Global Witness briefing explains the problem of hidden company ownership, the ease with which the corrupt can set up anonymous companies and trusts, and how this is a major barrier in the fight against poverty. With this issue quickly rising up the political agenda, this briefing also explains what can be done to combat this problem.
Follow the infographic below to see how anonymous companies work.