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The purpose of this paper is to review the use and application of shell entities, as they facilitate crime and terrorism, impede investigations and harm societies.

The study details the types and characteristics of shell entities, reviews actual cases to exhibit how shells are abused, outlines reasons shells disguise beneficial ownership and analyzes steps taken by countries and organizations to thwart the abuse of shell entities.

Many types of shell entities are used by white-collar criminals and are often layered in an intricate network which conceals the identity of beneficial owners. Nominees and bearer shares are used in tandem with shell entities to optimize concealment. Accountants, lawyers and trust and company service providers facilitate and promote the use and abuse of shell entities by lawbreakers. The G-8, Financial Action Task Force and G-20 have begun steps to improve ownership transparency, but the effort is moving at a modest pace.

The analysis makes clear the reasons for and means by which the wealthy and powerful, along with criminals, conceal trillions of dollars of income and wealth that remain untaxed and may be used for nefarious purposes. The paper is limited by the paucity of data on concealed assets and their beneficial owners.

The findings clearly show the need for more concerted action by national governments, organizations, the United Nations and law enforcement and to improve ownership transparency and information exchange regarding shell entities.

The findings demonstrate that shell entities used to conceal wealth prevent untold trillions in taxes from being collected by governments worldwide. This lack of revenue facilitates income inequality and skews national economic and fiscal policies. Also, more white-collar criminals and terrorist financiers could be brought to justice if ownership transparency is improved.

This study adds to the limited literature on shell entities, their characteristics and uses and abuses.

The purpose of this paper is to describe guidance (“the Guidance”) issued by the Financial Crimes Enforcement Network (“FinCEN”), the Federal Banking Regulators and the Securities and Exchange Commission on obtaining beneficial ownership information for certain accounts and customer relationships.

The paper summarizes the principal content of the Guidance, including the importance of customer due diligence (CDD) policies as the cornerstone of a Bank Secrecy Act/Anti‐Money‐Laundering program, the need for a CDD program to identify and verify the beneficial owners of an account, steps that should be included in CDD procedures to protect against heightened risks related to the beneficial owners of an account, enhanced due diligence that is appropriate for accounts that pose heightened risk, the suggestion in the Guidance to implement CDD policies and procedures on an enterprise‐wide basis, and requirements for private bank account and correspondent bank account due diligence programs.

The Guidance appears to expand certain concepts previously applied to banks by the Federal Banking Regulators to other financial institutions, including broker‐dealers, futures commission merchants, mutual funds, insurance companies, and money services businesses. It also appears to expand concepts set forth in Rule 312 of the PATRIOT Act beyond private banking and correspondent banking.

The paper provides expert guidance from experienced financial services lawyers.

The objective of this research paper is to identify specific attributes associated with the shell companies, so that the frauds committed by misuse of the corporate vehicle are curbed. The presence of an identified attribute increases the fraud risk the company poses to the economic system. The efficient allocation of limited investigative resources may accordingly be made by the regulator.

The research was designed as a case study involving documentary evidence corroborated by archival records and semi‐structured interview. The paper discusses the identification of attributes associated with shell companies and suggests recommendations for corporate regulatory machinery in India.

The research paper has identified a few attributes associated with the shell companies. These attributes are directly related to the fraud risk an incorporated entity may pose to the economic system. Limited resources may be efficiently deployed on the basis of the risk an entity poses to the system.

The findings of the research are yet to be verified and authenticated by an independent study. However, the findings have a wider implication with respect to more efficient deployment of investigative resources dependent on the risk parameters.

The research paper is a pioneer effort in the field of frauds by misuse of a corporate vehicle.

Addresses the need for a unified product information model and presents a new representation scheme for mechanical component modelling using shells as its principal geometric primitives for modelling form features. The representation scheme was implemented using the ACIS geometric modeller and C++ on a SUN SPARC/10 station. The advantage of using shells is that both surface and volume information of a form feature can be derived from a shell. Different levels of product data representation can be integrated into a single model. Therefore, it allows the user to model the geometry effectively and form features of a mechanical part on one system.

The purpose of this paper is to use a hybrid account of oil spills in Nigeria to explore the recursive relationship between a multinational company, specific shareholders and the public. A response to Mr and Mrs Shareholders’ concerns is considered an exercise in corporate discursive hegemony and enacts rhetorical accountability.

The authors adopt Debord’s (1967, 1988) concept of the spectacle with Boje’s (2001) antenarrative approach as a critical postmodern framing of Shell’s narrative of oil spills in both local and global contexts. An antenarrative approach considers how stories are woven to produce a unified and omnipotent narrative or image.

MNCs face considerable uncertainties arising from the operational conditions in developing countries and produce a range of accounts for spectators. As theatrical events, they contribute to the spectacle of power that rationalises controversy and suppresses resistance.

To overcome the limitations of using a single document as empirical material the authors consider the response letter as an example of an institutional framing of oil spill phenomena in general.

By understanding the construction of the spectacle the authors open avenues for resistance to corporate discursive hegemony in the form of carnivalesque.

The paper adds to the understanding of hybrid forms of resistance in an era of increasing MNC power and reach. It demonstrates how the actual production and distribution has persuasive power as a form of rhetorical accountability.

This chapter will examine the response of a rural community in Ireland to the imposition of a gas pipeline on their farms, in the western coastal county of Mayo. This analysis will include a discussion of the concept of ‘rural community sentiment’ (Leonard, 2006, 2008a, 2008b) as a factor in the mobilisation of community campaigns against infrastructural projects which are perceived as a threat to existing ways of life in regional areas. The chapter will also explore key theoretical concepts for this community-based responses to environmental degradation in rural areas, including critical criminology and rural criminology, resource curse theory and ask whether the campaign was ecopopulist, with issues of social and environmental justice at its core. This will be achieved through a case study approach. In so doing, the chapter will highlight the basis for rural community’s campaigns of opposition to development projects imposed by corporate or state bodies in the Irish case.