Big trouble on treasure island

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It was good to celebrate my 50th birthday this morning reading an excellent article in the Guardian with the above title. As the sub-title said:

Jersey's status as a tax haven has made it one of the richest places on Earth. But there is a widening gulf between the millionaires of the financial sector and locals struggling with low wages and rising prices. As Jon Henley reports, the backlash is growing.

It's a privilege to help those fighting this injustice.

The awareness of the criminality of Jersey and its ilk is also growing. As The Times reports today:

Britain should tighten controls on the gambling industry and monitor the activities of wealthy foreigners to combat money laundering, according to a report by the US State Department. The annual International Narcotics Control Strategy Report identified Britain as "a jurisdiction of primary concern" and said that despite improved anti-money-laundering laws and regulations, at least £15 billion of criminal profits is processed through Britain each year.

According to the US, Britain is a favourite place for money launderers, alongside Afghanistan, the Cayman Islands, Cyprus, Liechtenstein, Pakistan and the United Arab Emirates.

The report also names Guernsey, Jersey and the Isle of Man as money-laundering destinations.

They are.


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