453
submitted 5 months ago by Ninjazzon@infosec.pub to c/world@lemmy.world

Moody’s Analytics has found 21 million “red flags” associated with shell companies that could be used to enable financial crimes, from ancient directors to dubious addresses.

For instance, more than 2,200 companies have directors aged 123 years and above, despite the fact that the oldest known human lived to 122, said Richard Graham, a director at Moody’s Analytics, in research published Monday. One listed director — at 942 years old — would have been born in the 11th century.

you are viewing a single comment's thread
view the rest of the comments
[-] Eczpurt@lemmy.world 111 points 5 months ago

So do these shell companies get investigated once they see an anomaly? Or is it a case of "whoops we forgot to update our current CEO. Thanks for the reminder."

[-] SinningStromgald@lemmy.world 60 points 5 months ago

A small fine and a finger wag will be the result of extensive investigation into these errors.

[-] Reverendender@sh.itjust.works 15 points 5 months ago

I was thinking a strongly worded e-mail. Possibly a letter, but let's not go crazy.

[-] pelerinli@lemmy.world 9 points 5 months ago

Nothing written, just verbal warning is "given".

[-] Reverendender@sh.itjust.works 3 points 5 months ago

Unlike the 'verbal' warnings at my company. Which are written, and submitted to HR.

load more comments (1 replies)
this post was submitted on 28 Jan 2024
453 points (99.1% liked)

World News

37340 readers
3436 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS