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English translation: front person/entity
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| 09:24 Oct 23, 2019 |
| Polish to English translations [PRO] Bus/Financial - Finance (general) / anti-money laundering | |||||||
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|  Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 15:58 | ||||||
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| Summary of answers provided | ||||
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| 4 +1 | nominee |
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| 4 | front person/entity |
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| 4 | dummy |
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| 3 | fronted/substituted person |
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| 3 | figurehead / pawn |
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Answers
52 mins confidence: 
front person/entity Explanation: Rafael Marquez, captain of Mexico’s national soccer team, was among 22 people sanctioned by the U.S. Treasury in August following a multiyear investigation into activities of drug kingpin Flores Hernandez. Marquez is alleged to be the “front person” for Hernandez and was arrested under the Foreign Narcotics Kingpin Designation Act. The 1999 law freezes the assets of foreign nationals believed to be involved in international narcotics trafficking. https://www.fticonsulting.com/insights/fti-journal/everyones... ccccccccccccccccc Use of an exchange: a criminal can create an account on an exchange, transfer his or her cryptocurrencies to this exchange, then sell it for fiat currencies and have the exchange transfer the money to their (foreign) bank account. This money can eventually be withdrawn at an ATM. Another option is to use a front person for this process. https://www.oecd.org/tax/crime/money-laundering-and-terroris... cccc Money Laundering typoLogies Money Laundering Case studies Front person – A person without a criminal record who acts in the name of another person – a criminal. http://www.apml.gov.rs/REPOSITORY/1663_money-laundering-typo... |
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Grading comment
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53 mins confidence:
fronted/substituted person Explanation: . |
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29 mins confidence: peer agreement (net): +1
peer agreement (net): +1nominee Explanation: P -------------------------------------------------- Note added at 30 mins (2019-10-23 09:55:00 GMT) -------------------------------------------------- SŁUP = STRAW PERSON (at least in the US) -------------------------------------------------- Note added at 34 mins (2019-10-23 09:59:03 GMT) -------------------------------------------------- Plaintiffs, at all time relevant hereto, and based on information and belief do hereby allege thereon, My Hoang Le is merely a “nominee” or “straw person” officer and director of Palm Desert Management, Inc., appointed with the fraudulent intent to concealing the identity of the true persons exercising the power or authority of an officer or director in furtherance of their unlawful conduct. -------------------------------------------------- Note added at 45 mins (2019-10-23 10:09:36 GMT) -------------------------------------------------- OTHER OPTIONS: DUMMY and FRONT -------------------------------------------------- Note added at 53 mins (2019-10-23 10:18:07 GMT) -------------------------------------------------- In business and finance terms, a straw man also serves as a dummy but this time with the specific purpose of hiding the identity of the person or firm behind the business or financial transaction. In most cases, transactions involving a straw man are of an illegal or questionable nature, hence the need for primary movers to remain unknown. However, straw men can also be used for legal transactions that simply require discretion. Just like dummies used for combat trainings, straw men, also sometimes called front men, in business get the full brunt of the law when the illicit transaction is found out. The real entities behind the transactions stay shielded and safe, unless the straw man decides to tell on them. |
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4 hrs confidence:
dummy Explanation: Dicit Black's https://www.thefreedictionary.com/dummy |
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11 hrs confidence:
figurehead / pawn Explanation: VAT carousel and its massive fraud - Offshore.finance https://www.offshore.finance › blog › money-laundering › fraud-vat-caro... 30 Apr 2018 - Missing trader fraud carousel ... In fact, we have seen how in some dismantled plots the figureheads have turned out to be homeless beggars, mapping the risk of serious and organised crime ... - Transcrime www.transcrime.it › wp-content › uploads › 2018/12 › MORE_Annex a wide network of figureheads and shell companies located abroad. ...... operandi, although no details are available about how the missing trader scheme was .. Greystone International Ltd [2011] TC 01181 | Croner-i Tax ... https://library.croneri.co.uk › cch_uk › bvc Input tax – MTIC fraud – Whether appellant knew or ought to have known of the ..... shareholder and director, was no more than a pawn in the fraud and ignorant .. SELLERSWITHOUTSSN ITIN EIN VAT ID CPN 2SSN https://books.google.co.uk › books KIM TERJE RUDSCHINAT GRONLI - Computers Financial Crimes Enforcement Network (FinCen) (https://www.fraud-ma Office of ... breadth of your organization, it could be a victim or an unwitting pawn. |
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