Name the government agency whose information is valuable in tracing assets, establishing conflicts of interest, identifying dummy companies, and determining changes in financial status.
A) Department of business regulation
B) Permit department
C) Secretary of State
D) County clerk

Question

Quizplus · Accepted Answer

The Secretary of State maintains records of registered businesses and their owners, making it a valuable resource for tracing assets, identifying dummy companies, and determining changes in financial status. The Department of Business Regulation and County Clerk may also have some relevant information, but the Secretary of State is the primary agency for this type of information. The Permit Department is not typically involved in financial record-keeping.

Name the Government Agency Whose Information Is Valuable in Tracing