Sojourners' Article Urges Action on Shell Companies
by Greg Williams
In an article in Sojourners'August issue, Conrad Martin of the Fund for Constitutional Government urges action on the problem of anonymous shell companies. Some of these companies fuel corruption and crime around the world by acting as money laundering vehicles. In the US, you don't have to disclose the true owner of a company when you create it, making it diffiicult for law enforcement to solve crimes financed by these shell companies. Shell companies contribute to the more than $1 trillion developing countries lose each year to crime, tax evasion and corruption.