126 Money Laundering: A Guide for Criminal Investigators, Third Edition
self-incrimination; the Fifth Amendment does not protect cor-
porate records. Corporations large and small have challenged
court rulings on this point to no avail. If you subpoena their
records, they’re probably going to have to cough them up.
This applies even to small corporations established by indi-
viduals under Subchapter S of Section 1362 of the Internal
Revenue Code. These so-called S corporations are small, and the
law allows them to be taxed as partnerships would be. In many
cases, an S corporation has only one or two stockholders.
In these corporations, the distinction between the owners
and the corporation is very ne. The courts have ruled, how-
ever, ...