Moody’s Analytics Uncovers 21 Million Red Flags in Shell Companies

Unusual director ages, financial anomalies, and a single individual holding multiple roles among the alarming findings.

Moody’s Analytics has found 21 million “red flags” associated with shell companies that could be used to enable financial crimes, including atypical directorship, mass registration, dormancy and circular ownership.
More than 2,200 companies have directors aged 123 years and above, with one listed director being 942 years old.
A China-based textile and clothing manufacturer reported over $2 billion revenues in 2019, despite having only one employee.
One individual held 5,751 roles at 2,883 different entities.
The country with the highest number of shell company risks was the UK, with almost 5 million flags.