loan-back
loan-back noun: a money laundering or tax avoidance scheme in which money is deposited in an offshore bank and then borrowed back by a shell company controlled by the holder of that bank account.
Noun
loan-back (plural loan-backs)
- A money laundering or tax avoidance scheme in which money is deposited in an offshore bank and then borrowed back by a shell company controlled by the holder of that bank account.
- It was Lansky who pioneered the “loan-back” technique. Money was moved in the form of cash, traveller's cheques, or bearer bonds for deposit in numbered Swiss accounts. The money then returned home in the form of "loans" to the person who had initiated the cycle, who would replay the loan with...2013, Richard Swift, Great Revenue Robbery: How to Stop the Tax Cut Scam and Save Canada, →ISBN
- The loan-back scheme involves an offshore shell company that receives illegally obtained money through the placement mechanism. The owner of the illegal money goes to an offshore bank of which he is the owner or in which he has a criminal ally and applies for a loan for his front company. The...2014, Karoline Spies, Raffaele Petruzzi, Tax Policy Challenges in the 21st Century: Schriftenreihe IStR Band 86, →ISBN
Examples of loan-back in a sentence
- It was Lansky who pioneered the “loan-back” technique.2013, Richard Swift, Great Revenue Robbery: How to Stop the Tax Cut Scam and Save Canada, →ISBN:
- The loan-back scheme involves an offshore shell company that receives illegally obtained money through the placement mechanism.2014, Karoline Spies, Raffaele Petruzzi, Tax Policy Challenges in the 21st Century: Schriftenreihe IStR Band 86, →ISBN:
Forms of loan-back
| plural | loan-backs |
|---|
Origin of loan-back
From loan + back.
Questions about loan-back
- What does loan-back mean?
- Loan-back means a money laundering or tax avoidance scheme in which money is deposited in an offshore bank and then borrowed back by a shell company controlled by the holder of that bank account.
- How do you use loan-back in a sentence?
- It was Lansky who pioneered the “loan-back” technique.
- What part of speech is loan-back?
- Loan-back is a noun.
- What is the plural of loan-back?
- The plural of loan-back is loan-backs.
Words near loan-back in the dictionary
Source and license
Adapted from Wiktionary: loan-back (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “loan-back.” Word.ws, https://word.ws/loan-back. Based on Wiktionary, CC BY-SA 4.0.