I'm on the World Service at 5.30 discussing HMRC's "most wanted list".
One question I was asked during the pre-record session was "what would you like to see done?"
My answer went partly along lines I'd share with UK Uncut. But there was another angle as well. It was that if these people had stolen £750 million then a lot of bankers had helped them do it, all of whom broke money laundering law. Why are none of them in a dock right now? They should be. That, as we now know, is the way to stop bank abuse. Nothing less will do.
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Nothing prevent Banks from doing exactly what they want, including wolfing up the spoils of crime without questioning its provenance and providing “laundry facilities” without concern for the consequences which are often measured in human life.
Financial crime on a scale which is almost incomprehensible is concealed on clandestine tax havens such as the Isle of Man, Cayman, Jersey, Guernsey where the banks” international” branches are provided with the requisite “secrecy” to ensure that their crooked accountants and lawyers are immune from prosecution while the London laundry remains open for business.
There is no tangible regulation of banks in the City — whilst in the tax havens “regulation” means providing the banks with active assistance in washing £billions of dirty money on a routine basis.
Nobody asks the banks where the money comes from – or where it goes.
What to do? Support all those who are exposing these crimes.