The fact that the United Kingdom is on par with the United States as one of the most corrupt countries in the world is hardly a secret, even though the governments of these two nations have been launched various public relations campaigns in a bid to persuade their citizens that they are in no way involved in such crimes.
The Washington Post would note:
“Over the past couple of decades, London’s accountants and lawyers have helped launder billions of dollars of stolen money through the British Virgin Islands, among other British overseas territories the British property market – like the New York property market – has long functioned like an old-fashioned Swiss bank, providing safe real estate investments for owners who wish their identities and their sources of income to be hidden.”
In rich Western states, like the UK and US, governments often lend a helping hand to various criminal organizations that seek ways to launder money stolen from budgets and aid programs of various countries. In order to prevent the officials of those robbed states from accessing those funds, Western authorities often create large commercial entities that serve the sole purpose of hiding this money. In a number of US states like Delaware, New Mexico, Nevada and Wyoming, along with the British Virgin Islands, a territory that is inhabited by 28,000 people, anonymous investors can register a countless number of companies, without being subjected to any form of screening by local authorities.
As it is stated by prominent journalist Roberto Saviano, who has dedicated over a decade of his life to the investigation of the criminal activities of the Italian Mafia, 90 per cent of the owners of capital in London have their headquarters offshore. Jersey and the Cayman’s serve as gateways through which criminal capital in Europe and the UK flows.