The Money Laundering Capital of the World

https://www.youtube.com/watch?v=nnd3srwpygM

The leaked Panama Papers were from the only non-British off-shore law firm among the world’s largest ten such firms.

“The Spider's Web explores how London became the money-laundering capital of the world for the rich and powerful. With contributions from leading experts, academics, and former insiders, the film highlights how in the world of international finance, corruption and secrecy have prevailed over regulation and transparency.

This powerful documentary shows how Britain transformed from a colonial power into a global financial superpower. In the 1960s, the City of London's financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands. Today, up to half of all offshore wealth (globally) is hidden in one of many British offshore jurisdictions and Britain has become the largest global players in the world of international finance.”