Here is how a shell company works to evade the law.
And the findings? This is the part I find most fascinating.
Conversely, he said it would be very easy to get an untraceable shell company in Montana, Nevada, South Dakota and Wyoming.
“Easier than almost anywhere in the world,” Nielson said. The places that rivaled those states where the nations of Kenya and our neighbor to the “Great White North”, he said.
“Canada is very bad,” he said. “It’s easy to get an anonymous shell company in Canada.”
Nielson said having such lax laws makes those places much more susceptible to potential criminal activity.
“It makes them havens,” he said. “(Those states) make it easy to incorporate anonymously and therefore facilitate illicit movement of money.”
He noted that New York was “not much better.”No surprise to me about Nevada and New York, but I am a little surprised California and Illinois aren't on this list too! Those states, as poorly managed as they are, must be doing at least something right.