Shell companies are used to commit nearly every type of fraud, from simple billing fraud schemes to complex, multijurisdictional money laundering operations. In this course, you will learn how shell companies work, how they are used to commit fraud and how to investigate shell companies.
- What shell companies are, how they operate and how to create them
- Common red flags of shell companies
- Tools and methods for investigating fraud schemes involving shell companies
- Factors that have led to the rise of shell companies in international fraud schemes
- Insights into the Panama Papers and similar scandals
ACFE Ordering and Return Policy
You Will Learn How To:
- Recognize common characteristics of shell companies, how they are created and for what purposes
- Recall key facts regarding the Panama Papers and related scandals, as well as factors that have led to the rise of shell companies
- Compare fraud schemes that are commonly associated with shell companies
- Identify common red flags of shell companies
- Recognize tools and methods that can be used to investigate fraud schemes involving shell companies
ADVANCED PREPARATION: NONE
FIELD OF STUDY: SPECIALIZED KNOWLEDGE
LAST UPDATED: DECEMBER 2019
DELIVERY METHOD: QAS SELF-STUDY
Table of Contents:
Lesson 1: What Is a Shell Company?
Lesson 2: The Panama Papers and the Rise of Shell Companies
Lesson 3: How Shell Companies Are Used to Commit Fraud
Lesson 4: Red Flags of Shell Companies
Lesson 5: Investigating Shell Companies
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Internet access: High-speed connection recommended
Free Adobe Flash Player
Speakers required for video sound
Online Self-Study Troubleshooting Guide:
Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.
Solution: Your web browser must be configured to allow pop-ups in order to access ACFE Self-Study courses. Your browser may prompt you to allow pop-ups, or you may have to allow them manually. You may either allow them for all sites, or allow them just for the current site.
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Do not click that link; instead, allow your browser to automatically open the eLearning window on its own, which should happen after a few seconds. This will log you in automatically so that you can access your online courses.
Problem: I receive the following error when I try to load a different lesson with a course:
Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:
Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.
Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).
Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:
Try a different browser. ACFE online self-study courses are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.
Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here
Make sure you are running the latest version of Flash. Go to Adobe.com to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.