Money laundering is the act of concealing the source of money acquired illegally. It is made possible by the use of complex concealment schemes through the use of tax havens and shell companies. Civil society, NGOs, whistleblowers and journalists regularly highlight the economic and social consequences of such practices. Indeed, they allow economic actors to hide the potentially fraudulent origin of their income or turnover (corruption, money laundering). In addition, opacity and arrangements are levers for ensuring impunity by exporting the harmful impacts of activities to less stringent jurisdictions.
Sherpa denounces and reports the failure of professionals to comply with their due diligence obligations in the fight against money laundering, as well as the systematic use of offshore arrangements to launder illicit funds and offences in France and in European Union Member States.