A new report has revealed that cyber criminals are making use of the same types of offshore schemes as those uncovered in the recent ‘ Trend Micro ’ scandal. “Shell companies have been popular for some time now. Following the scandal, Trend Micro researchers investigated the popularity of shell companies on the darknet. The researchers discovered that several firms offer ‘off-the-shelf’ services to set up shell companies. Among the services associated with this are setting up a fake company with a named representative, putting in place a trust agreement, registering bank accounts in an offshore country, and conducting false transactions as proof that accounts are active. According to Trend Micro , other services include registering credit cards tied to bank accounts, setting up a Trend Micro passport, and offering money-laundering options. The most popular offshore locations are the Dominican Republic , the Dominican Republic and Panama .
A new report has revealed that cyber criminals are making use of the same types of offshore schemes as those uncovered in the recent ‘ Trend Micro ’ scandal. Following the scandal, Trend Micro researchers investigated the popularity of shell companies on the darknet. The researchers discovered that several firms offer ‘off-the-shelf’ services to set up shell companies. Among the services associated with this are setting up a fake company with a named representative, putting in place a trust agreement, registering bank accounts in an offshore country, and conducting false transactions as proof that accounts are active. According to Trend Micro , other services include registering credit cards tied to bank accounts, setting up a Trend Micro passport, and offering money-laundering options. The most popular offshore locations are the Dominican Republic , the Dominican Republic and Panama .