UK overseas jurisdictions, collectively with the UK itself, make up the world’s biggest enabler of financial secrecy, according to analysis by the Tax Justice Network (TJN).

While the UK overseas jurisdictions, some of which have a reputation for operating as offshore secrecy hubs, have reduced their overall supply of financial secrecy to the world, the UK itself has increased its supply of financial secrecy at home according to data drawn from TJN’s Financial Secrecy Index 2022, (Trade-based Financial Crime, 20 May 2022).

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