Massive Leak of Data Reveals Money-Hiding Secrets of Superrich—and This Is 'Only the Beginning'
Thomas Jefferson once wrote that "banking establishments are more dangerous than standing armies." But with a lot of these small, offshore countries, I think the US Army could probably handle them pretty easily, just like with Grenada.
Is it conceivable that these offshore tax havens, given that they are enablers of organized crime and money laundering, could be considered threats to global security?
https://www.facebook.com/formationshouse/photos/a.546278012219235/840465606133806/A massive trove of documents, data, and recorded phone calls showing how British company Formations House works to hide money for the superrich is being reported on by journalists all over the world, with the first stories dropping at midnight on Wednesday.
The reporting is being done under the name "29 Leaks," a reference to Formations House's original address at 29 Harley Street in London. The data was leaked to the group Distributed Denial of Secrets over the summer.
According to Unicorn Riot, reporting from the data will have an international scope:
Formations House has been the subject of international scrutiny for years, and the #29Leaks documents have been under investigation for some time. It is expected that news stories in Central America, Africa and Europe will examine information drawn from this set of leaks. The use of Formations House-managed companies to move money around between offshore and private banking centers like Luxembourg and other parts of the world is among the main themes of this dataset. Other documents expected to be covered in detail show how the African nation of The Gambia is commonly used to create banks and insurance companies on paper for wealthy people in other continents, which Formations House and related parties package and facilitate.
On Tuesday The Times of London showed, via undercover reporting, how Formations House sets up shell companies for its clients.
Thomas Jefferson once wrote that "banking establishments are more dangerous than standing armies." But with a lot of these small, offshore countries, I think the US Army could probably handle them pretty easily, just like with Grenada.
Is it conceivable that these offshore tax havens, given that they are enablers of organized crime and money laundering, could be considered threats to global security?