Lucy Komisar

Oct 19, 2020

2 min read

How UK, U.S. created international money-laundering system

On The Backstory October 15th, I talked about the film “The Spider’s Web: Britain’s Second Empire” about how in the 1960s the Brits took Swiss bank secrecy of the 1930s and expanded it to enable money-laundering by The City of London, the protected British banking cutout which operates independently from the government. The City runs the British international tax haven system based in such…