Scottish shell firms used to launder money in Eastern Europe with government certificates

‘Scottish shell firms are being marketed in Eastern Europe as money laundering and tax avoidance vehicles with official government documentation, it has emerged.
At least a dozen agencies in Latvia, Ukraine, and Russia are selling Scottish limited partnerships (SLPs), alongside Certificates of Good Standing, the Herald reports. The government certificates can then be used to secure bank accounts abroad.
Unlike their English partnerships, the controversial Scottish firms do not have to provide full financial reports or register for tax if they conduct business abroad.’
Read more: Scottish shell firms used to launder money in Eastern Europe with government certificates