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Shell Bank

Portuguese translation: banco fantasma

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Shell Bank
Portuguese translation:banco fantasma
Entered by: Marion Gorenstein
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19:29 Mar 28, 2004
English to Portuguese translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: Shell Bank
Shell banks or personal accounts owned by the owner(s) of a shell bank

é uma lista de clientes que não são bemvindos.
Marion Gorenstein
United States
Local time: 06:09
banco fantasma
Explanation:
Penso que seja a designação mais corrente.

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Note added at 16 mins (2004-03-28 19:45:59 GMT)
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As you may be aware, the USA Patriot Act became law on October 26, 2001 in the United States. Among other things, this Act prohibits certain financial institutions operating in the USA from establishing, maintaining, administering or managing correspondent accounts on behalf of foreign banks that do not have a physical presence in any country (i.e. a \"shell bank\").
Selected response from:

MLeiria
Portugal
Local time: 11:09
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
4banco fantasma
MLeiria


  

Answers


12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
shell bank
banco fantasma


Explanation:
Penso que seja a designação mais corrente.

--------------------------------------------------
Note added at 16 mins (2004-03-28 19:45:59 GMT)
--------------------------------------------------

As you may be aware, the USA Patriot Act became law on October 26, 2001 in the United States. Among other things, this Act prohibits certain financial institutions operating in the USA from establishing, maintaining, administering or managing correspondent accounts on behalf of foreign banks that do not have a physical presence in any country (i.e. a \"shell bank\").

MLeiria
Portugal
Local time: 11:09
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 124
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