New Bank Leaks to be Dissected by ICIJ and The Guardian
July 9th, 2014
The International Consortium of Investigative Journalists (ICIJ) and The Guardian have received troves of documents exposing the offshore banking activities of thousands of wealthy individuals. The information, which was leaked to the ICIJ, highlights the activities of a major private bank in the Channel Islands, a British crown dependency.
According to ICIJ, the list of clients includes “donors to the British government, which has been outspoken against tax havens, and some of the most prominent people in British life.”
ICIJ and The Guardian will publish some of the data in the coming days, but initial analysis has already raised questions about what role offshore tax havens, like the Channel Islands, play in British political campaign financing.
The leak comes at a time when the UK government has become a vocal advocate of financial transparency. You can read more here.
Image used under Creative Commons license / Flickr user NHoulihan