Sophisticated financial services and legal specialists in the Global North are instrumental in facilitating the “systematic looting” of the Global South according to a founder of the Tax Justice Network.

In a comprehensive article published by the New Internationalist media organisation, John Christensen argues that the financial hubs of London, Zurich and New York, in cahoots with tax havens sheltering opaque shell companies, are at the forefront of enabling the systematic looting of oil and mineral resources and siphoning of proceeds of embezzlement and fraud.

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