The US Justice Department claims Malaysian politicians used US-based "anonymous shell companies" to spend more than $1 billion in development funds on real estate and luxury goods in the U.S. The department is suing to seize the money. Prosecutors linked high-level Malaysian politicians and business people to the embezzlement of $3 billion of public funds through these companies, which don't require a disclosure of ownership information. Jubilee USA supports legislation to make it more difficult to use the US financial system to launder money and finance crime and corruption through these anonymous companies.
Read more about anonymous shell companies
Read more about the Malaysia embezzlement in the New York Times
Want to get involved in our work on anonymous shell companies? Contact me, Lucas Giese, at email@example.com