Laundering

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.

Procedures & Milestones : Ill-Gotten Gains – Equatorial Guinea

Corruption and embezzlement, Laundering, Laundering, Strategic litigation

Facts: President of Equatorial Guinea since 1979, Teodorin Obiang Nguema governs an authoritarian regime where corruption remains a major...

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African money laundering: Sherpa files a complaint against a BNP Paribas subsidiary in Monaco

-Press release-en, Laundering, Strategic litigation

Paris, on 13 November 2013 On 12 November 2013, Sherpa filed a complaint against BNP Paribas Wealth Management in Monaco with the Public...

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