Panama Papers

Questionable role of shell firms a cause of concern, says FATF report

Questionable role of shell firms a cause of concern, says FATF report

October 28, 2019

ISLAMABAD: In its latest report, the Financial Action Task Force (FATF) has voiced its concerns on the doubtful role of shell companies, terming them a harbour of money laundering. The report further emphasised on “best practices” for governments to “get rid of the cloak of secrecy” pertaining to the actual[...]