4 ms·

Again, what does a ruling from the EU Court of Justice have to do with the UK post-Brexit? Is the UK similarly removing access to ownership information that is

by abduhl 4y ago

Again, what does a ruling from the EU Court of Justice have to do with the UK post-Brexit? Is the UK similarly removing access to ownership information that is currently available? Is it doing it due to this EU court’s ruling? Transparent ownership and transparent management certainly does help with money laundering and shell companies. What good is a shell company to launder money with if its ownership can be pierced easily with publicly available information? I’m sure this statement hits very close to home for you given the fact that everyone knows you were involved with <insert charity you are no longer involved with> simply by googling the relevant charity. Do you think a drug lord out of South America is going to be sitting on a board or owning a company if they can be found out just be googling or sending in some paperwork? Maybe, but if they’re smart they’ll know that serving on the board of a charity will plaster their name all over the place and they will opt out.

from 4y ago
They'll do what even the most incompetent drug dealers in America have done to own cars and houses since the beginning of time: get a straw owner. If they're caught, lying on a UBO form will be 3 years in prison which will run concurrent with the 10 or 20 years they get for the drugs.
ghusto 4y ago
Just deleted my long rant of a reply, because it wasn't going to be constructive. The only thing I think is important enough to keep is this though: > What good is a shell company to launder money with if its ownership can be pierced easily with publicly available information? I’m sure this statement hits very close to home for you given the fact that everyone knows you were involved with <insert charity you are no longer involved with> simply by googling the relevant charity. I can't tell if you're being satirical, sarcastic, or actually implying I was involved in fraud at that place because that's the only possible reason I could have for not wanting my name there any more. In case you're serious; there are reasons other than bad ones for people to do this. Not everyone is an arsehole, and not not everyone is out to screw other people over. I guess that's why all this irks me so much. We're again punishing the 99% of normal people with normal reasons, for the 1% of arseholes in the world. _We're structuring our society around laws for the bad minority_. I think we can do better.

by abduhl 4y ago

from 4y ago

They'll do what even the most incompetent drug dealers in America have done to own cars and houses since the beginning of time: get a straw owner. If they're caught, lying on a UBO form will be 3 years in prison which will run concurrent with the 10 or 20 years they get for the drugs.

ghusto 4y ago

Just deleted my long rant of a reply, because it wasn't going to be constructive. The only thing I think is important enough to keep is this though: > What good is a shell company to launder money with if its ownership can be pierced easily with publicly available information? I’m sure this statement hits very close to home for you given the fact that everyone knows you were involved with <insert charity you are no longer involved with> simply by googling the relevant charity. I can't tell if you're being satirical, sarcastic, or actually implying I was involved in fraud at that place because that's the only possible reason I could have for not wanting my name there any more. In case you're serious; there are reasons other than bad ones for people to do this. Not everyone is an arsehole, and not not everyone is out to screw other people over. I guess that's why all this irks me so much. We're again punishing the 99% of normal people with normal reasons, for the 1% of arseholes in the world. _We're structuring our society around laws for the bad minority_. I think we can do better.