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    The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It
    The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It
    The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It
    Ebook224 pages6 hours

    The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It

    By Emile van der Does de Willebois, J. C. Sharman, Robert Harrison and

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    About this ebook

    Billions in corrupt assets, complex money trails, strings of shell companies and other spurious
    legal structures. These form the complex web of subterfuge in corruption cases, behind which
    hides the benefi cial owner—the puppet master and benefi ciary of it all. Linking the benefi cial
    owner to the proceeds of corruption is notoriously hard. With sizable wealth and resources
    on their side, they exploit transnational constructions that are hard to penetrate and stay
    aggressively ahead of the game.

    Nearly all cases of grand corruption have one thing in common. They rely on corporate vehicles —
    legal structures such as companies, foundations, and trusts—to conceal ownership and control
    of tainted assets.

    The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to
    Do About It takes these corporate vehicles as its angle of investigation. It builds upon cases,
    interviews with investigators, corporate registries and fi nancial institutions, as well as a “mystery
    shopping†? exercise that provide factual evidence of a criminal practice. This approach is used
    to understand the nature of the problem and design policy recommendations to facilitate the
    investigative process by unraveling the complex world of corporate vehicles.

    This report is solidly built on step-by-step arguments and designed to deliver practical, applicable,
    and well substantiated recommendations. It is intended for use by policy makers in developing
    national legislation and regulation as well as international standard setters. It also provides
    helpful information for practitioners engaged in investigating corrupt offi cials and academics
    involved in the study of fi nancial crime.
    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateNov 3, 2011
    ISBN9780821388945
    The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It

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