Investigation into Formation Agent Company Linked to Haugen and Moscow
1 report, 1 independent
Updated Sep 20
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What happened
Haugen is the apparent owner of Ferret, a company that specializes in setting up Scottish Limited Partnerships (SLPs) for paid clients. Ferret operates as a formation agent and maintains offices in Moscow. The company is reportedly under investigation regarding its business practices concerning money laundering and tax evasion.
From thenational.scot
Why it matters
The investigation into Haugen's company has prompted calls for action from anti-corruption experts. These calls have been directed at both the Scottish Government and UK authorities regarding the conduct of formation agents.
From thenational.scot
Who's involved
- HaugenApparent owner of the company under investigation
- Asset ManagementCompany where Haugen serves as CIO
- FerretCompany whose practices are being scrutinized