01437nam a22001337a 4500100005000000245006900050260007400119300000900193520092700202650009101129856006301220942000701283999001301290  aGlobal Financial Integrity and Global Witness  aChancing It: How Secret Company Ownership Is A Risk To Investors  aWashington D. C.bGlobal Financial Integrity and Global Witnessc2016  a24p.  aThis report by Global Financial Integrity and Global Witness, “Chancing It: How Secret Company Ownership is a Risk to Investors,” draws on ten cases involving anonymous companies. The report was released in Singapore as hundreds of investors gather at the PRI in Person conference and shows how corporate secrecy can damage the global economy, and hurt unwitting investors. As repeatedly shown by Global Witness, Global Financial Integrity and others, anonymously-owned shell companies are used by the criminal and corrupt to evade taxes, facilitate bribe payments and skirt sanctions. They are also used to win government contracts at the expense of legitimate businesses, finance terrorism and launder earnings from trafficking human beings, weapons and drugs and pension fund holders. The Financial Transparency Coalition, of which Global Financial Integrity and Global Witness are members, supported this project.   aCorruption, Tax Evasion, Finance Terrorism, Money Laundering, Human Trafficking, Drugs  uiffoadatabase.trustafrica.org/iff/Chancing-It-High-Res.pdf  cCF  c799d799