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Don’t do transactions with shell companies, BFIs told

Don’t do transactions with shell companies, BFIs told

PRITHVI MAN SHRESTHA, Apr 07 Kathmandu
A shell bank is a term that describes a financial institution that does not have a physical presence in any country and a shell company is a non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity.
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