The NAO report on the Crown Protectorates says:
Seven Territories have offshore financial centres, delivering financial services almost exclusively to non-residents. Three Territories, (Bermuda, Cayman Islands and British Virgin Islands) are of major importance in the global financial system.
And yet the report does not mention tax evasion. Once. Not once.
Why is that?Not reporting a money laundering offence is itself an offence.
Tax evasion is rampant in these places.
Is the NAO guilty of criminal neglect of money laundering in that case? It seems that way to me.
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