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Conference Countdown 2016: Tackling global corruption should be a core Liberal campaign

On April 3 2016, just under 12 million documents were leaked from the Panamanian law firm Mossack Fonseca containing financial details on over 200,000 offshore companies. While the bulk of our nation’s media coverage was of David Cameron’s family investment fund – Blairmore Holdings – and the former Prime Minister of Iceland’s resignation, most news outlets underplayed the real significance of the investigation: the details of shell companies used to profit from criminal activity and how the lack of transparency in opaque jurisdictions such as the British Virgin Islands, Seychelles or Bahamas provides cover for organisations involved in people trafficking, narcotics, selling arms to despotic regimes and terrorism.

On Saturday, Tower Hamlets Liberal Democrats are moving a motion demanding that the UK calls time on the lack of progress in our overseas territories and sets a deadline for the implementation of centralised registers which make the beneficial ownership of companies available both to relevant authorities and to the public.

The UK has a strong record in this area: Vince Cable drove forward the development of legislation for Companies House to implement a register of Persons of Significant Control during the coalition and the register is now starting to be filled with statements of beneficial ownership. It is due for completion in June 2017.

Posted in Conference and Op-eds | Also tagged , , and | 8 Comments
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Recent Comments

  • User AvatarJoseph Bourke 6th Dec - 5:28pm
    Excuse the plain-speaking by Cullen Roche in his blog https://www.pragcap.com/forum-2/topic/sectoral-balances/ but he does get to the heart of the issue when he says: "MMT mangles...
  • User AvatarMatthew Huntbach 6th Dec - 5:23pm
    David Raw My point is Lib Dems seem to have no interest or traction outside the leafy home counties. You think everyone is wealthy and...
  • User AvatarTony Greaves 6th Dec - 5:22pm
    No doubt these people are about as successful with their efforts as the Liberal Democrat publicity operation during this election since, with sixed days to...
  • User Avatarnigel hunter 6th Dec - 4:52pm
    We have one big pest with mysterious yellow hair small and fat cos it has eaten/drinks too much . It scurries around like a weasil...
  • User Avatarexpats 6th Dec - 4:23pm
    The 'Daily Mail' doesn't do news; like the 'Express' it merely reinforces the views of it's readers. The 'Guardian' and 'i' at least cover news...
  • User AvatarPeter Martin 6th Dec - 4:12pm
    @ Michael BG Here we are: https://gimms.org.uk/fact-sheets/sectoral-balances/ It need an update. Maybe you could give the organisers of the website a nudge? I'll do it...
Tue 10th Dec 2019