Dame Margaret Hodge MP - wise words 28 October 2021 (updated 8 January 2022 for Hansard 2 December 2021 and related complaint to Parliamentary Standards Commissioner)
Dame Margar e t Hodge MP 2 8 October 2021 YouTube link to RUSI site https://rusi.org/news-and-comment/video-commentary/dame-margaret-hodge-uk-needs-corporate-transparency-reform Why does Corporate Transparency reform in the UK matter? Well it matters globally in that when we look at, for example, the Panama papers, over half of the entities that were cited signed in those papers were UK shell companies. When you look at the FinCEN leaks again, over 3000 of the entities cited in those leaks were UK shell companies. So that’s where we have both a domestic reach and a global reach. I think it matters to us because we have increasingly become the jurisdiction of choice for every kleptocrat, criminal and money launderer in the world and that’s bad. You know we used to have a reputation for being a trusted jurisdiction governed by the rule of law, and therefore those who did business with us could have trust in us. If we don't tackl...