1.Your client invested in an international real estate investment company in the Cayman Islands. Recently, the client learned that her contact at the company was arrested in the USA on money laundering charges. She wants you to find out more information about the owners of the investment company. You have learned that the company she invested in was a shell corporation. You seek to identify the beneficial owners of the shell corporation. Which of the following describes a way to identify beneficial ownership?<\/p>
a.Determine if there are loans by the company to individuals for no equity<\/p>
b.Determine if a certificate of good standing was filed with the Cayman company registry official<\/p>
c.Determine if the nominee directors hold positions with other companies in the Cayman Islands<\/p>
d.Determine who the authorized signatories are for the company's bank account<\/p>", "transcribed_text": "", "related_book": { "title": "Auditing Cases An Active Learning Approach", "isbn": "0130674842, 978-0130674845", "edition": "2nd Edition", "authors": "Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64ed8a8041add_6938.jpg", "uri": "\/textbooks\/abnormal-psychology-clinical-perspectives-on-psychological-disorders-1st-edition-9781266566899", "see_more_uri": "" }, "free_related_book": { "isbn": "1522549668", "uri": "\/textbooks\/regulation-and-structure-in-economic-virtualization-emerging-research-and-opportunities-1st-edition-978-1522549666-278748", "name": "Regulation And Structure In Economic Virtualization Emerging Research And Opportunities", "edition": "1st Edition" }, "question_posted": "2024-06-28 06:46:03", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-scranton-clinic-a-forprofit-medical-facility-is-planning-to", "description": "The Scranton Clinic, a for-profit medical facility, is planning to spend $35,000 for modernized MRI equipment. 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