Sentence examples for foreign shell from inspiring English sources

The bill would expose the true ownership of accounts used by foreigners, especially offshore accounts; regulate underground banking systems; and prevent depositors in foreign "shell" banks, which have no physical existence anywhere, from establishing correspondent accounts in the United States.

Are there legitimate uses for foreign shell companies?

Even many Indian individuals and businesses use foreign shell companies to hide wealth and income from the government, critics say.

In 2010, a United States Senate subcommittee accused him of funneling tens of millions of dollars' worth of Nigerian oil revenues into foreign shell accounts.

These documents and others discovered elsewhere suggest that members of the former regime were avid users of foreign shell companies, trusts and foundations­, the time-honoured tools of corrupt politicians, tax evaders, money-laundering drug barons and sanctions-busters.

In particular, he said, foreign banks would be required to determine whether their clients are United States investors hiding behind a foreign shell company to improperly claim lower tax rates from tax treaties with foreign countries — or not pay taxes at all.

RECENT revelations that Ukrainians linked to the Yanukovych regime appear to have used foreign, anonymous shell companies to buy prime Ukrainian properties and to siphon money out of the country could not have come at a better time for those who argue that shells and other secretive vehicles are getaway cars for money launderers.

Foreign climbers shell out upwards of $40,000 for a single expedition, including costly permits — but the guides that risk their lives to accompany them never see the bulk of that money.

Explosions shook the suburbs of the Aden on Monday as residents reported a foreign warship shelling Houthi positions on the outskirts of the city.

The Ohio company has been so successful that it is one of China's largest foreign taxpayers, shelling out $200 million in 2001, according to the company.

This is what inside traders and other financial ne'er-do-wells often do, siphoning cash into foreign accounts and shell companies.