There are plenty of shell companies formed for legitimate reasons. However, as recently uncovered in a major case in Singapore where 3 billion SGD of assets were frozen, shell companies can also be used for more nefarious purposes. This risk is not always easy to spot, especially when relying on manual, time-invasive processes. In this episode KYC Decoded, host Alex Pillow welcomes Moody’s Analytics Product Manager, Kate Weymouth, and Head of the Financial Crime Practice Group for APAC and the Middle East, Choon Hong Chua. Their dynamic and educational conversation around shell companies and their risks includes: legitimate reasons for shell companies vs. illegitimate reasons; the seven primary indicators of shell company risk; a deeper look into the recent Singapore shell company scam; and how Moody’s Shell Company Indicator automates traditionally manual and time consuming processes with powerful data.