Ghost In Your Phone

Global Kleptocracy

Some excellent information in here about the corporations and entities in power.

Claims that, "Britain's overseas territories and crown dependencies funnel
trillions of dollars of laundered money from around the world into London banks and real estate."

A Guardian post that seems to support that statement says:

"Nearly 40% of the dirty money in the world is going through the City of London and other crown dependencies, the UK’s deputy foreign secretary has said.

Andrew Mitchell added the crown dependencies and overseas territories will face fresh demands from the Foreign Office to comply with UK laws setting up public registers of beneficial share ownership."

https://www.theguardian.com/world/article/2024/may/14/nearly-40-of-dirty-money-is-laundered-in-london-and-uk-crown-dependenies

What does this have to do with a kleptocracy?

According to transparency.co.uk:

"Since 2016, Transparency International UK has identified £11.1 billion of questionable funds invested in over 1,600 UK properties. Of this, more than half of these assets by value (£5.9bn) were purchased using shell companies registered in UK Overseas Territories. The secrecy provided by these offshore financial centres makes them attractive to individuals seeking to conceal the ownership of assets.

The British Virgin Islands (BVI) stands out as the worst offender. Over 90% of suspect funds invested into the UK via an Overseas Territory went through the British Virgin Islands, equivalent to £5.5 billion in value"

Main takeaway:

Powerful business owners hide their assets using tax havens and offshore shell corporations.

https://globalkleptocracy.net/