‘A mockery’: how offshore tax havens are thwarting the UK’s transparency push
Why This Matters
Key context: <p>Critics say ownership registers are too costly and too complicated, scuppering attempts to expose alleged money laundering</p><p>Since Britain’s offshore secrecy jurisdictions caved in to <a href="https://www.theguardian.com/politics/2018/may/01/uk-to-introduce-public-ownership-registers-for-overseas-territories">pressure from Westminster</a> to embrace corporate transparency, finding out who owns a company in one of these island havens is, in theory at least, a piece of cake.</p><p>Take the Cayman Islands.</p> <a href="https://www.theguardian.com/world/2026/aug/26/offshore-tax-havens-uk-transparency-registers-alleged-money-laundering">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Critics say ownership registers are too costly and too complicated, scuppering attempts to expose alleged money launderingSince Britain’s offshore secrecy jurisdictions caved in to pressure from Westminster to embrace corporate transparency, finding out who owns a company in one of these island havens is, in theory at least, a piece of cake.Take the Cayman Islands. Continue reading...
Curation & Context
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