Shell bank
id:
shell-bank-167-1176194
title:
Shell bank
text:
A shell bank is a financial institution that does not have a physical presence in any country. In order to prevent money laundering, Subtitle A of the USA PATRIOT Act specifically prohibits such institutions, with the exception of shell banks that are affiliate of a bank that has a physical presence in the U.S. or if the foreign shell bank is subject to supervision by a banking authority in the non-U.S. country regulating the affiliated depository institution, credit union, or foreign bank.
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brand slug:
wiki
category slug:
encyclopedia
description:
Financial institution without a physical presence
original url:
https://en.wikipedia.org/wiki/Shell_bank
date created:
2006-04-17T03:03:02Z
date modified:
2024-08-30T06:57:54Z
main entity:
{"identifier":"Q914219","url":"https://www.wikidata.org/entity/Q914219"}
image:
fields total:
13
integrity:
15