British Overseas Territories and Crown Dependencies: Money Laundering and Tax Evasion
Commons · Question 400 · Tabled 17 Jul 2024 · Foreign, Commonwealth and Development Office · Official record
Answered 25 Jul 2024
Question
Asked by Daisy Cooper
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he plans to take to help tackle (a) money laundering and (b) tax evasion in the Crown Dependencies and Overseas Territories (CDOTs), in the context of the number o
Answer
Answered by Stephen Doughty, 25 Jul 2024
Financial secrecy facilitates illicit finance including money laundering as well as tax and sanctions evasion. It enables serious and organised crime, undermines our national security by supporting kleptocracies around the world, and it diverts resources ...