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shell bank

/ʃɛl bæŋk/ /ʃɛl bæŋk/
noun
GeneralLegal
  1. 1 paravan banka, hayali banka countable

Definition (English)

A bank with a license but no real operations, often used to hide money or avoid taxes.

Example Sentences

  1. The investigation revealed a network of shell banks.
    Soruşturma bir paravan banka ağı ortaya çıkardı.
  2. They used a shell bank to launder the stolen funds.
    Çalıntı fonları aklamak için paravan bir banka kullandılar.

Phrases 12

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