This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Ghislaine Maxwell's use of shell company shows need for beneficial ownership disclosure, US Representative Maloney says

( July 9, 2020, 21:20 GMT | Official Statement) -- MLex Summary: Beneficial ownership legislation should be passed by the US Senate to prevent abuse of the US financial system, said Representative Carolyn Maloney, pointing to the use of a front company by Ghislaine Maxwell to buy, secretly, the luxury property where she was arrested on charges of sex crimes associated with Jeffrey Epstein. "Ms. Maxwell is not alone in this practice. Criminal organizations are notorious for using anonymous shell companies to open bank accounts, launder money, perpetrate fraud, and finance terrorism," said Maloney, whose House version of beneficial ownership legislation passed last year.Statement follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections