Passfort users can now use the Shell company indicator check to uncover shell company risk within complex corporate structures of potential customers/third parties during onboarding and investigations.

Using our data insights and typology-based rules engine, this tool can be used for screening during supplier due diligence, customer due diligence (CDD) and further investigation as part of enhanced due diligence (EDD).

The Shell company indicator is part of Moody’s Analytics compliance and third-party risk solution that brings together data and automated workflows to help efficiently onboard and assess customers, suppliers, third parties, and other target entities.

It's difficult and time-consuming to identify shell company presence and associated risks. Companies are often deliberately set up with unnecessarily complex corporate structures, to facilitate financial crime, including tax evasion by hiding taxable income and financial assets in a shell corporation within a tax haven.

Even the most sophisticated organizations do not have the in-house data analytics, engineering resources, and subject matter expertise to know where and how to identify shell companies and investigate the risk of doing business with them.

Accessing the Shell company indicator check

You can access the Shell company indicator check from Passfort as a custom check or a data feed on the DataHub.

Contact us

To get started with this check or if you have any questions, email MoodysShellCompanyIndicator@moodys.com or contact your Moody’s Analytics Relationship Manager.
You can read more about the Shell company indicator on our help site.