shell bank
Definitions over time (1)
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15/12/2005 – 25/12/2007 Article 3, Directive 2005/60/EC Scope: Whole act
For the purposes of this Directive the following definitions shall apply:
‘shell bank’ means a credit institution, or an institution engaged in equivalent activities, incorporated in a jurisdiction in which it has no physical presence, involving meaningful mind and management, and which is unaffiliated with a regulated financial group.
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.