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The Northern Irish ghost companies that mask crime worldwide

Exploitation of workers, corruption and money-laundering, all kept in the shadows by lax regulation. Could Northern Ireland become “the new Panama”?

The Northern Irish ghost companies that mask crime worldwide
Secretive Northern Irish firms have funded political lobbying for former Ukrainian leader Yulia Tymoshenko, amongst others
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Nikolai Sukhanov is used to flags of convenience. The flags of many nations flutter from the stern of ships on the docks and quays of Nakhodka in Russia’s far east. Owners often register their vessels thousands of miles from home, in countries with far looser regulations and restrictions than their own.

Sukhanov, a veteran trade union organiser, spends his days clambering onto ships berthed in the Pacific port, checking that sailors are treated well and paid properly. They very often are not.

That is not just because they sail under flags of convenience. It is also because they work for ‘firms of convenience’: shell companies, ghost entities, corporate ciphers which conceal ownership and frustrate accountability.