Working Capital Schemes: 12 Shell Company Red Flags
Spotting shell companies and their subtle red flags is crucial for safeguarding financial integrity and promoting transparency. The latest insights from the Association of Certified Fraud Examiners (ACFE) reveal effective strategies for identifying these elusive entities, which often pose as legitimate businesses. Key signs include unconventional business structures, absence of a physical address, and minimal operational activity. By staying vigilant and recognizing these indicators, businesses may proactively protect themselves from potential financial risks and foster a culture of accountability.