Shell companies Archives - ChroniclesLive

Thai police break up network that illegally helped foreigners, mostly Russians, stay in country, arresting dozens

Thai police have broken up a large network that illegally helped foreigners, mostly Russians, to stay in Thailand long-term through the use of company nominees or shell companies, officials said …

Asia-Pacific a money-laundering hotbed: bad actors exploit shell companies, cryptocurrency while AI chases, report says

by Walter Watson

Shell companies and a growing market for cryptocurrency have become the new hotbeds for money laundering across the Asia-Pacific region, but new technologies such as artificial intelligence (AI) have emerged …

Thousands of Vietnamese lament life savings lost in nation’s largest financial scam

by Walter Watson

Lan, 67, was sentenced to death on April 11 for her role in embezzling US$12.5 billion in a complex bond fraud channelled through hundreds of shell companies over 10 years. …