Agenda

The Permanent Subcommittee on Investigations’ hearing examined the issue of states routinely incorporating hundreds of thousands of new, non-publicly traded companies in the United States each year without obtaining the identity of the corporate owners, thereby impeding law enforcement investigations into persons misusing U.S. shell corporations for money laundering, tax evasion, terrorist financing, or other crimes. The hearing featured the April 2006 Government Accountability Office (GAO) report prepared at the Subcommittee’s request, "Company Formations: Minimal Ownership Information Is Collected and Available."

Witnesses

Panel 1

• STUART G. NASH

  Associate Deputy Attorney General & Director, Organized Crime Drug Enforcement Task Force

  U. S. Department of Justice

  Washington, D.C.
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• K. STEVEN BURGESS

  Director of Examinations, Small Business/Self Employed Division

  Internal Revenue Service

  Washington, D.C.
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• Accompanied by: ROBERT NORTHCUTT

  Acting Director, Abusive Transactions Office, Small Business/Self-Employed Division

  Internal Revenue Service

  Washington, DC
• MS.  YVONNE JONES

  Director, Financial Markets & Community Investment Team

  U.S. Government Accountability Office

  Washington, D.C.
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• JAMAL EL-HINDI

  Associate Director for Regulatory Policy and Programs

  Financial Crimes Enforcement Network

  Vienna, Virginia
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Panel 2

• SCOTT W. ANDERSON

  Deputy Secretary of State for Commercial Recordings

  Office of the Secretary of State, State of Nevada

  Carson City, Nevada
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• RICHARD J. GEISENBERGER

  Assistant Secretary of State

  State of Delaware

  Dover, Delaware
  Download Testimony (88k)
  
• LAURIE FLYNN

  Chief Legal Counsel

  Office of the Secretary of the Commonwealth of Massachusetts

  Boston, Massachusetts
  Download Testimony (23k)