TERMIUM Plus®

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loan-back [1 record]

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Record 1 1989-10-16

English

Subject field(s)
  • Loans
CONT

In the loan-back technique, the launderer sets up a corporation in a selected financial haven ... The individual then chooses a business venture of some type based in his/her own country, and subsequently purchases the business by making a nominal deposit. The balance of the purchase is paid in the form of a loan from an offshore corporation secretly held by the money launderer, who is, in effect, borrowing his/her own money. ... the loan-back ... allows the repatriation of the formerly "dirty" money ...

French

Domaine(s)
  • Prêts et emprunts

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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