Summary of “How the World’s Most Secretive Offshore Haven Refuses to Clean Up”

“We feel very strongly that people are entitled to some semblance of financial privacy,” the Nevis premier, Mark Brantley, himself an offshore lawyer, told me when we met in his office in January.
“Why should a bureaucrat in London, or wherever, curious about his neighbour’s financial situation, pick up the phone and say, ‘You know what, I need to know if Mr John Smith, who’s my neighbour down the road, has an account or a company in Nevis.’ Why’s that his business?” Brantley asked.
As long as Nevis persists in denying foreigners access to the ownership information of its companies – no matter how hard other places work to open up – scoundrels can keep routing their business via Nevis, breaking the chain of traceable ownership, and hiding themselves and their crimes from discovery.
Earlier this week, John Cleese told Newsnight he was so fed up with how Britain is run that he is moving to Nevis for good.
“My approach to getting assets that are in asset protection entities like a Nevis LLC, is that you don’t go to Nevis and try to get the money out – that is a foolhardy enterprise. They passed laws and they set up structures to stop us and to make it expensive and to make it take years and years and years. What we do here is we use some more creative approaches to, for lack of a better term, make them cough up the dough.”
A search of the Companies House website reveals how Nevis is able to defang Britain’s attack on secrecy.
If the island is so clean, why did online trolls looking to smear Emmanuel Macron before the 2017 French presidential election create fake documents supposedly showing he had a shell company in Nevis? Isn’t that a sign that the industry Sutton oversees has an image problem? “People make things up all the time,” she replied.
The issue is that if every jurisdiction thinks only of how to stand on its own two feet – whether that’s post-Brexit Britain, Nevis or Wyoming – we will all be pushed over separately by the world’s crooks and thieves.

The orginal article.