David Buxton

David Buxton 

Posted Monday August 10, 2015

Data secrecy likely to clampdown on offshore money-laundering

“[…] Arachnys has researched 2015 jurisdictions via its Compass 2015 platform - a guide to uncovering company information and court records - and British Overseas Territory the Turks and Caicos Islands, ranks bottom due to its lack of a public corporate registry, its court records not being available online, and its underdeveloped news industry. What this ultimately means is that the Turks and Caicos Islands are a black hole for company and legal information which makes it an extremely attractive place from which to launder money. […]”

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