Financial secrecy has become so detrimental to global governance that the system enabling it—offshore—must be dismantled. We created this system, and we can de-create it. In the meantime, following the advice of the late Robert Morgenthau, legendary New York County District Attorney, we can make a huge dent in this problem by simply enforcing our laws already on the books—enforcing them vigorously, with the IRS beefed-up, and the FBI’s resources massively reinforced. In a private meeting in 2010 with Jack Blum, Raymond Baker, Tom Cardamone, and me, Morgenthau said to us: “If we enforce the laws already on the books,...
Jack Blum on Offshore, Testimony to Senate Finance Committee. For the first time, the Senate Finance Committee began to understand the depth of the offshore problem, and the limited amount of resource [...]
Matthew Stephenson, Professor at Harvard Law School, interviews our Editor/Publisher on kleptocracy, beneficial ownership and reputation laundering. They discuss much of the background leading up to the OFFSHORE INITIATIVE, all permeated by the [...]