The Puppet Masters : How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It

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collection.link.64
https://openknowledge.worldbank.org/handle/10986/2172
collection.name.64
StAR Initiative (Stolen Asset Recovery)
dc.contributor.author
van der Does de Willebois, Emile
dc.contributor.author
Halter, Emily M.
dc.contributor.author
Harrison, Robert A.
dc.contributor.author
Park, Ji Won
dc.contributor.author
Sharman, J. C.
dc.date.accessioned
2012-03-19T09:04:53Z
dc.date.available
2012-03-19T09:04:53Z
dc.date.issued
2011
dc.date.lastModified
2021-06-08T12:08:55Z
dc.description.abstract
This report, the puppet masters, deals with the corporate and financial structures that form the building blocks of hidden money trails. In particular, it focuses on the ease with which corrupt actors hide their interests behind a corporate veil and the difficulties investigators face in trying to lift that veil. It serves as a powerful reminder that recovering the proceeds of corruption is a collective responsibility that involves both the public and private sector. Law enforcement and prosecution cannot go after stolen assets, confiscate and then return them if they are hidden behind the corporate veil. All financial centers and developed countries have committed, through the UN Convention against Corruption and international anti-money laundering and countering the financing of terrorism standards, to improving the transparency of legal entities and other arrangements. This report provides evidence of how far we still have to go to make these commitments a reality. Narrowing the gap between stated commitments and practice on the ground has a direct impact on actual recovery of assets.
en
dc.identifier
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20111104035215
dc.identifier.isbn
978-0-8213-8894-5
dc.identifier.uri
http://hdl.handle.net/10986/2363
dc.language
English
dc.publisher
World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ABUSE
dc.subject
ACCOUNTABILITY
dc.subject
ACCOUNTING
dc.subject
ACQUISITION
dc.subject
ADVERTISEMENT
dc.subject
ANTI-CORRUPTION
dc.subject
ANTI-MONEY LAUNDERING
dc.subject
ANTICORRUPTION
dc.subject
ANTICORRUPTION COMMISSIONS
dc.subject
ARTICLES OF INCORPORATION
dc.subject
BANKS
dc.subject
BENEFICIAL OWNER
dc.subject
BENEFICIAL OWNERS
dc.subject
BENEFICIARIES
dc.subject
BENEFICIARY
dc.subject
BIDDING
dc.subject
BOARD MEMBERS
dc.subject
BRIBE
dc.subject
BRIBERY
dc.subject
BUSINESS CORPORATION
dc.subject
BUSINESS RELATIONSHIP
dc.subject
BUSINESSES
dc.subject
CASH PAYMENTS
dc.subject
CERTIFICATE
dc.subject
CHARTER
dc.subject
CHIEF EXECUTIVE
dc.subject
CHIEF FINANCIAL OFFICER
dc.subject
CIVIL SOCIETY
dc.subject
CLAIM
dc.subject
COLLECTION OF INFORMATION
dc.subject
COLLECTIVE
dc.subject
COMMERCE
dc.subject
COMMERCIAL REGISTERS
dc.subject
COMPANIES REGISTRY
dc.subject
COMPANY
dc.subject
COMPANY LIMITED
dc.subject
COMPANY REGISTRATION
dc.subject
COMPANY REGISTRIES
dc.subject
COMPANY REGISTRY
dc.subject
COMPLIANCE OFFICER
dc.subject
COMPLIANCE OFFICERS
dc.subject
CONFIDENCE
dc.subject
CONTRACTUAL RIGHTS
dc.subject
COPYRIGHT
dc.subject
CORPORATE AFFAIRS
dc.subject
CORPORATE BODIES
dc.subject
CORPORATE ENTITIES
dc.subject
CORPORATE ENTITY
dc.subject
CORPORATE OWNERSHIP
dc.subject
CORPORATE STRUCTURE
dc.subject
CORPORATE STRUCTURES
dc.subject
CORPORATE VEIL
dc.subject
CORPORATION LAWS
dc.subject
CORPORATIONS
dc.subject
CORRUPT
dc.subject
CORRUPT OFFICIAL
dc.subject
CORRUPT OFFICIALS
dc.subject
CORRUPTION INVESTIGATION
dc.subject
CORRUPTION INVESTIGATIONS
dc.subject
COURT OF JUSTICE
dc.subject
CREDITORS
dc.subject
CRIME
dc.subject
CRIME INVESTIGATIONS
dc.subject
CRIMINAL
dc.subject
CRIMINAL PENALTIES
dc.subject
CROSS-BORDER TRANSACTIONS
dc.subject
DAY-TO-DAY OPERATIONS
dc.subject
DEBT
dc.subject
DELAWARE
dc.subject
DEPOSIT
dc.subject
DISCLOSURE REQUIREMENTS
dc.subject
DIVIDENDS
dc.subject
DOMESTIC LAWS
dc.subject
DUE DILIGENCE
dc.subject
E-MAIL
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
EMBEZZLEMENT
dc.subject
ENFORCEABILITY
dc.subject
ESTATE
dc.subject
ESTATE AGENTS
dc.subject
EXCHANGE ACT
dc.subject
FIDUCIARY OBLIGATIONS
dc.subject
FINANCIAL ACCOUNTS
dc.subject
FINANCIAL AFFAIRS
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL CRIME
dc.subject
FINANCIAL CRIMES
dc.subject
FINANCIAL FLOWS
dc.subject
FINANCIAL INSTITUTION
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INTELLIGENCE
dc.subject
FINANCIAL INTELLIGENCE UNIT
dc.subject
FINANCIAL INTELLIGENCE UNITS
dc.subject
FINANCIAL INTERMEDIARY
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL REPORTING
dc.subject
FINANCIAL SERVICE
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL SYSTEM
dc.subject
FINANCIAL TRANSPARENCY
dc.subject
FOREIGN CORRUPT PRACTICES
dc.subject
FOREIGN CORRUPT PRACTICES ACT
dc.subject
FOREIGN LAW
dc.subject
FOREIGN LAWS
dc.subject
FRAUD
dc.subject
GENERAL PARTNERSHIPS
dc.subject
GOOD FAITH
dc.subject
GOVERNMENT CONTRACTS
dc.subject
GOVERNMENT OFFICIALS
dc.subject
GOVERNMENT REGULATION
dc.subject
GOVERNMENT SERVICES
dc.subject
GRAND CORRUPTION
dc.subject
ID
dc.subject
IDENTIFICATION NUMBER
dc.subject
ILL-GOTTEN WEALTH
dc.subject
IMAGE
dc.subject
IMPROPER PAYMENTS
dc.subject
INCORPORATED
dc.subject
INDIVIDUALS
dc.subject
INFORMATION SHARING
dc.subject
INITIATIVE
dc.subject
INTEGRITY
dc.subject
INTELLECTUAL PROPERTY
dc.subject
INTERNATIONAL BUSINESS
dc.subject
INTERNATIONAL POLICY
dc.subject
INTERNATIONAL STANDARD
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INTERNATIONAL TRADE
dc.subject
INVESTIGATION
dc.subject
INVESTIGATIONS
dc.subject
INVESTIGATIVE BODIES
dc.subject
INVESTIGATOR
dc.subject
INVESTIGATORS
dc.subject
INVESTMENT BANKING
dc.subject
JUDGEMENT
dc.subject
JURISDICTION
dc.subject
JURISDICTIONAL AUTHORITIES
dc.subject
JURISDICTIONS
dc.subject
JUSTICE
dc.subject
LAW ENFORCEMENT
dc.subject
LAWYERS
dc.subject
LEADERSHIP
dc.subject
LEGAL AUTHORITY
dc.subject
LEGAL ENTITIES
dc.subject
LEGAL ENTITY
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL MECHANISMS
dc.subject
LEGAL OWNERSHIP
dc.subject
LEGAL PERSON
dc.subject
LEGAL PERSONS
dc.subject
LEGAL PRIVILEGE
dc.subject
LEGAL PROFESSIONAL
dc.subject
LEGAL REQUIREMENTS
dc.subject
LICENSES
dc.subject
LIMITED
dc.subject
LIMITED LIABILITY
dc.subject
LIMITED LIABILITY COMPANIES
dc.subject
LIMITED LIABILITY COMPANY
dc.subject
LIMITED LIABILITY PARTNERSHIP
dc.subject
LIMITED PARTNERSHIP
dc.subject
LIMITED PARTNERSHIPS
dc.subject
LTD.
dc.subject
MAJOR SHAREHOLDERS
dc.subject
MAJORITY SHAREHOLDER
dc.subject
MATERIAL
dc.subject
MINISTER
dc.subject
MONEY LAUNDERING
dc.subject
MULTINATIONAL
dc.subject
MUTUAL LEGAL ASSISTANCE
dc.subject
NATURAL PERSONS
dc.subject
OFFENSE
dc.subject
OWNERSHIP INFORMATION
dc.subject
PARTNERSHIP
dc.subject
PDF
dc.subject
PENALTIES
dc.subject
PERSONAL PROPERTY
dc.subject
PERSONAL PROPERTY SECURITY
dc.subject
PIERCING THE CORPORATE VEIL
dc.subject
POLICE
dc.subject
POLITICIANS
dc.subject
POSSESSION
dc.subject
PRIVATE COMPANIES
dc.subject
PRIVATE SECTOR
dc.subject
PROSECUTION
dc.subject
PROSECUTORS
dc.subject
PROXY
dc.subject
PUBLIC FUNDS
dc.subject
QUERIES
dc.subject
RECEIVER
dc.subject
RECOVERY OF ASSETS
dc.subject
REGISTRAR OF COMPANIES
dc.subject
REGULATORY AUTHORITY
dc.subject
REGULATORY FRAMEWORKS
dc.subject
REGULATORY OBLIGATIONS
dc.subject
RESULT
dc.subject
RESULTS
dc.subject
SANCTIONS
dc.subject
SCANDAL
dc.subject
SCANDALS
dc.subject
SEARCH
dc.subject
SEARCH FACILITIES
dc.subject
SECURITIES
dc.subject
SERVICE PROVIDER
dc.subject
SERVICE PROVIDERS
dc.subject
SETTLEMENT
dc.subject
SHAREHOLDER
dc.subject
SHAREHOLDERS
dc.subject
SOCIETY
dc.subject
SOLE PROPRIETORSHIP
dc.subject
SOLICITATION
dc.subject
STATUTORY EXCEPTIONS
dc.subject
STOCKHOLDERS
dc.subject
STOCKS
dc.subject
SUBSIDIARIES
dc.subject
SUBSIDIARY
dc.subject
TAX HAVEN
dc.subject
TAX HAVENS
dc.subject
TELECOMMUNICATIONS
dc.subject
TELEPHONE
dc.subject
TERRORISM
dc.subject
TITLE
dc.subject
TRUST LAW
dc.subject
TRUSTEE
dc.subject
TRUSTEES
dc.subject
TRUSTS
dc.subject
UNION
dc.subject
USES
dc.subject
VERIFICATION
dc.subject
WEB
dc.subject
WHISTLE-BLOWERS
dc.title
The Puppet Masters : How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It
en
okr.date.disclosure
2011-11-03
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20111104035215
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.globalpractice
Transport and ICT
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-8894-5
okr.identifier.externaldocumentum
000386194_20111104035215
okr.identifier.internaldocumentum
15444885
okr.identifier.report
65125
okr.language.supported
en
okr.language.supported
fr
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/11/04/000386194_20111104035215/Rendered/PDF/651250REPLACEM061561B09780821388945.pdf
en
okr.peerreview
Academic Peer Review
okr.statistics.combined
26871
okr.statistics.dr
784961468152973030
okr.topic
Private Sector Development :: E-Business
okr.topic
Law and Development :: Corporate Law
okr.topic
Law and Development :: Legal Products
okr.topic
Public Sector Corruption and Anticorruption Measures
okr.topic
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.topic
Public Sector Development
okr.unit
Financial Market Integrity (FFSFI)
okr.volume
1 of 1

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