Trusts established in certain offshore jurisdictions make good vehicles to lay under money for which ofthe following reasons?

Question

Options

• ANames of the settlor and beneficiaries are into publicly available.
• BTrusts are typically set up to minimize taxes.
• COffshore jurisdictions are unfamiliar with trust.
• DTrusts may hold assets of significant size.

• A
  73% (44)
• B
  5% (3)
• C
  7% (4)
• D
  15% (9)

Explanation

It describes a reason why trusts established in certain offshore jurisdictions make good vehicles to layer money, which is names of the settlor and beneficiaries are not publicly available. This means that the true owners and controllers of the funds or assets held by the trust are hidden from the public and the authorities, and can only be accessed by the trustee or the protector, who may be complicit or unaware of the money laundering scheme. This creates a high level of anonymity and secrecy for the money launderers, who can use the trust to move, disguise, or conceal the origin and destination of their illicit funds.

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