SERVICE COMPANY


Meaning of SERVICE COMPANY in English

A company located in an offshore financial center to provide management, invoicing and other services for client companies located in other countries. Initially used to advantage double taxation treaties, Service Companies are now frequently used to facilitate flight capital outflow and are often involved in money laundering schemes.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.