It’s time to ask every government the same questions; in peace
An investigation by Finance Uncovered has exposed a little-known offshore business registry that has created tens of thousands of anonymous companies and registered them to a non-existent address in Monrovia, Liberia’s capital city.
Although these companies are technically a creation of Liberian law, management of the registry is based in the United States and appears to have the support of the US government.
The companies, which can be purchased online, offer near-total anonymity to their clients, allowing them to hide assets without fear of being caught by law enforcement or revenue authorities.
Among other things, Finance Uncovered’s investigation, supported by the Thomson Reuters Foundation and amaBhungane, discovered over half a billion pounds of high-value London property registered to Liberian offshore companies.
And there have been allegations that revenues from the registry were used to fund arms purchases during…
View original post 3,056 more words