THE UK’s Shadow Home Secretary has claimed that Crown Dependencies, including Jersey, are part of the ‘largest tax-evasion network in the world’.
Speaking in the House of Commons, Labour MP Diane Abbott was reacting to what she described as a ‘startling oversight’ in the new Criminal Finances Bill, which was first presented to Parliament on 13 October.
The bill aims to tackle money-laundering and terrorist-financing and make it easier for the government to recover proceeds of crime.
Mrs Abbott said she was disappointed by the lack of reference to the 14 British Overseas Territories and Crown Dependencies in the Bill, and called for legislation to bring ‘beneficial ownership registers’ [a register outlining who ultimately owns a company] into the public domain.
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