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Shell Companies

All articles tagged with #shell companies

world1 day ago•24 min saved

Israel ties Hamas and Muslim Brotherhood to Gaza flotilla via shell companies

Israel’s foreign minister Gideon Saar said Hamas financed and ran the Gaza flotilla through shell companies, with the Muslim Brotherhood funding and directing the effort; he cited IDF-obtained Hamas documents showing financing, operational involvement, and covert ownership of vessels via a Spanish shell company, and named Zaher Birawi as a Hamas agent, linking Western-based activists to the campaigns and noting Birawi’s US sanctions.

via New York Post|

#gaza-flotilla #hamas #israel

world1 month ago•38 min saved

Calif. CEO Accused of Secretly Aiding Iran’s Nuclear Efforts, DOJ Claims

The DOJ alleges a California-based CEO used a network of covert entities and offshore accounts to secretly support Iran’s nuclear program, including illicit shipments and payments, while residing in a $35 million California mansion; he faces sanctions-evasion and money-laundering charges, illustrating ongoing enforcement against Iran’s nuclear ambitions.

via Forbes|

#doj #iran #money-laundering

government-and-policy2 years ago•2 min saved

"Yellen Reveals 100,000 Firms Join Effort to Expose Shell Company Owners"

Treasury Secretary Janet Yellen announced that 100,000 businesses have joined a new database collecting "beneficial ownership" information to unmask shell company owners, emphasizing the U.S.'s commitment to preventing illicit financial activities. The database, part of the Biden administration's push for corporate transparency, is a result of the bipartisan Corporate Transparency Act. Yellen also discussed upcoming real estate rules to increase transparency and address money laundering risks. Despite legal challenges, Yellen emphasized the benefits of corporate transparency in protecting national security and the economy.

via Yahoo News|

#beneficial-ownership #corporate-transparency #government-and-policy

government-and-policy2 years ago•2 min saved

"Yellen Reveals 100,000 Firms Join Effort to Expose Shell Company Owners"

Treasury Secretary Janet Yellen announced that 100,000 businesses have joined a new database collecting beneficial ownership information to unmask shell company owners, emphasizing the U.S.'s commitment to preventing the misuse of shell companies and money laundering. The database, established as part of the Corporate Transparency Act, requires most U.S. firms to report identifying information about their owners or controllers. Yellen also discussed upcoming real estate rules aimed at increasing transparency in property ownership, highlighting the importance of corporate transparency in protecting national security and the economy.

via The Associated Press|

#beneficial-ownership #corporate-transparency #government-and-policy

government-policy2 years ago•2 min saved

"Yellen Reveals 100,000 Firms Join Effort to Expose Shell Company Owners"

Treasury Secretary Janet Yellen announced that 100,000 businesses have joined a new database collecting "beneficial ownership" information to unmask shell company owners, emphasizing the U.S.'s commitment to preventing illicit financial activities. The database, part of the government's effort to increase corporate transparency, was launched as a result of the bipartisan Corporate Transparency Act. Yellen also discussed upcoming real estate rules aimed at increasing transparency in property transactions. Despite legal challenges, Yellen emphasized the importance of corporate transparency in protecting national security and economic interests.

via Yahoo Finance|

#beneficial-ownership #corporate-transparency #government-policy

politics2 years ago•3 min saved

"James Comer's Shady Shell Company and GOP's Misleading Claims in Biden Investigation"

A scathing report from The Associated Press reveals that U.S. Rep. James Comer, a Kentucky Republican leading the Joe Biden impeachment inquiry, has obscured his own business dealings. The report found that Comer is involved in a shell company called Farm Team Properties, which functions similarly to the companies used by the Bidens. Comer's stake in the land he co-owns with a political donor is masked on his financial disclosure forms. Democrats have seized on the report, accusing Comer of having shady finances. Comer has declined to comment and denied any wrongdoing.

via Courier Journal|

#business-dealings #financial-disclosure #james-comer

politics2 years ago•3 min saved

"Comer's Hypocrisy Exposed: GOP's Misleading Claims in Biden Investigation"

House Oversight Committee Chairman James Comer (R-Ky.) responded to an Associated Press report comparing his rural landholding company to the "shell companies" associated with Hunter Biden and his associates. Comer's company, Farm Team Properties, LLC, co-owned with a campaign contributor, reported no dividends last year and operates similarly to the companies used by the Bidens. Comer highlighted bank records showing the Bidens received over $10 million from foreign entities through "shell companies." He also pointed to checks indicating James Biden transferred funds to his brother Joe, suggesting "laundered" funds from a Chinese energy deal. Comer defended his company, stating it is not a shell company but rather an LLC that manages over a thousand acres of land.

via New York Post |

#financial-disclosures #house-oversight-committee #hunter-biden

politics2 years ago•8 min saved

"Republican Investigator's Tangled Web: Shell Company, Complicated Friends, and Controversial Claims"

Rep. James Comer, a Republican leading the Hunter Biden probe, has his own shell company called Farm Team Properties, which he co-owns with his wife. This revelation raises questions about Comer's own financial dealings and undermines his arguments against the Bidens' use of shell companies. Comer has been critical of the Bidens' alleged use of such companies to obscure earnings from shadowy middlemen and foreign interests. While Comer has denied any wrongdoing, ethics experts argue that he should have disclosed his ownership of the land held by the shell company. The revelation comes as House Republicans voted to formally authorize the impeachment probe into President Joe Biden, following the federal indictment of Hunter Biden on tax evasion charges.

via The Associated Press|

#financial-disclosure #hunter-biden #impeachment-probe