Suspicious trades mar UK deals

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FT Alphaville » Suspicious trades mar UK deals.

Suspicious trading took place before 30.6% of UK takeovers last year, the highest level in eight years, even as the UK’s markets regulator stepped up enforcement efforts, reports the FT.

And I bet if the could be uncovered 99% of those of any size would involve offshore.

That's why they involve offshore of course: so the parties can't be uncovered.

This is deliberate. Secrecy jurisdictions go out of their way to permit such abuse. Secrecy jurisdictions are places that intentionally create regulation for the primary benefit and use of those not resident in their geographical domain. That regulation is designed to undermine the legislation or regulation of another jurisdiction. To facilitate its use secrecy jurisdictions also create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so.