Why are ‘companies’ attractive to criminals?Group of answer choicesExploit limited liabilityAllow names of owners & managers to be concealedHide behind separate legal personalityCommonly used in business transactionsPerpetual succession

Exploit Limited Liability: Criminals are attracted to companies because they can exploit the concept of limited liability. This means that the owners of the company are not personally liable for the company's debts. Therefore, criminals can engage in risky or illegal activities without risking their personal assets.

Allow Names of Owners & Managers to be Concealed: Companies often allow for the names of owners and managers to be concealed. This anonymity can be attractive to criminals as it allows them to hide their identity and involvement in illegal activities.

Hide Behind Separate Legal Personality: A company is considered a separate legal entity from its owners. This means that the company itself can be held liable for illegal activities, not the individuals who own or run it. This can be attractive to criminals as it provides an additional layer of protection.

Commonly Used in Business Transactions: Companies are commonly used in business transactions, making them an easy and legitimate front for illegal activities. Criminals can use companies to launder money, evade taxes, or engage in other illegal activities while appearing to conduct legitimate business.

Perpetual Succession: Companies have perpetual succession, meaning they continue to exist even if the owners or managers change. This can be attractive to criminals as it allows for continuity of illegal activities even if individuals involved are caught or decide to leave the company.