FACT Sheet: Anonymous U.S. “Shell” Corporations: A National Security Code Red
Anonymous shell companies threaten U.S. security on many fronts. Requiring the disclosure of beneficial ownership information addresses the problem.
FACT Sheet: Why Beneficial Ownership Transparency Matters
Phantom firms can open bank accounts, wire money, buy property, and transact business like any other company, making them an attractive method for hiding, moving, and using money or other assets. As a result, phantom firms are often misused for a multitude of illegal or unethical activities.