FACT’s Clark Gascoigne Discusses the U.S. Ranking as the 3rd Biggest Secrecy Jurisdiction in the Latest Financial Secrecy Index
Mind Your Business
Clark Gascoigne, the Deputy Director of the FACT Coalition, appeared on Mind Your Business with Alyona Minkovski, a weekly business program on HuffPost Live, on Friday, November 13, 2015. He discussed how the United States facilitates all sorts of financial crime with widespread financial opacity. The weak regulations and lax enforcement have placed the United States as the 3rd biggest secrecy jurisdiction (i.e. tax haven) in the world, after Switzerland and Hong Kong, according to the 2015 Financial Secrecy Index released earlier this month.
Since the FSI was last published in 2013, the U.S. has moved up in the rankings, passing the Cayman Islands, Luxembourg, and Singapore on the list of dirty money capitals.
You can watch the full clip below.