John Christensen offers Context for Walking Tour of Jersey's Financial District

In our guided tour of the financial district of Saint Helier, Jersey, we set out to make the link between secrecy jurisdictions and global crisis.

Selected global banks, including Barclays, BNP Paribas, Citi, Deutsche Bank, RBS International, Société Générale and UBS, were use as case studies to illustrate how deeply engaged banks are in promoting capital flight from poorer countries, in facilitating tax evasion, in supporting corrupt regimes, in financing ecologically harmful projects, and in undermining regulation.

We also showed how the secretive world of tax havens has acted as the crucible for much of the financial innovation of the past 20 years, including the growth of offshore hedge funds, the hosting of the shadow banking system, the creation of securitised debt obligations, the increased use of "off-balance sheet" accounting, and the spread of highly-leveraged private equity financing.


This segment features John Christiansen of Tax Justice Network, interviewed by Nick Hildyard of The Cornerhouse.

For more information see
http://www.rethinkingfinance.org
http://www.taxjusticenetwork.org
http://www.ifiwatch.tv

NB apologies for the rather dark images at the start of this clip.

Category:

News & Politics

Tags:

• Deutsche Bank
• Barclays
• AIB
• Allied Irish Bank
• PNB Paribas
• Societé Generale
• Banca Intesa
• Royal Bank of Scotland
• RBS
• G20
• bank
• offshore account

[judisbanking]

Allied Irish Bank United Kingdom openly solicited their United Kindgom clients to set up accounts in AIB Jersey Trust. The unsuspecting clients were then fleesed of exhorbitant fees. Allied Irish Bank UK are highway robbers with a licence to operate in the United Kingdom under the FSA