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And it's exactly the same thing with UK bankers
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The Spider's Web: Britain's Second Empire

And it's exactly the samething with UK bankers, helping their client tohave accounts in...

And it's exactly the same
thing with UK bankers, helping their client to
have accounts in Panama or in Bermuda or in Cayman Islands

Full Transcript

00:00:01.000 --> 00:00:05.000
And it's exactly the same thing with UK bankers,
00:00:06.082 --> 00:00:10.464
helping their client to have accounts in Panama
00:00:10.464 --> 00:00:14.208
or in Bermuda or in Cayman Islands.
Duration
15 seconds
Views
21
Timestamp in Movie
00:44:32
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
(solemn music) - The Spider's Web: Britain's Second Empire 00:16
(solemn music)
Legitimate financial activity has no need - The Spider's Web: Britain's Second Empire 00:13
Legitimate financial activity has no need
Today, close to half of the world's secrecy jurisdictions - The Spider's Web: Britain's Second Empire 00:08
Today, close to half of the world's secrecy jurisdictio...
In public, these jurisdictions claim they are transparent, - The Spider's Web: Britain's Second Empire 00:11
In public, these jurisdictions claim they are transparent,
- Our economy is not based on secrecy. - The Spider's Web: Britain's Second Empire 00:06
- Our economy is not based on secrecy.
It's based on a sound regulatory environment. - The Spider's Web: Britain's Second Empire 00:06
It's based on a sound regulatory environment.
It's based on good governance and good government - The Spider's Web: Britain's Second Empire 00:10
It's based on good governance and good government
That's what our financial institutions are based on. - The Spider's Web: Britain's Second Empire 00:06
That's what our financial institutions are based on.
- Well, tonight, we have a response from the head - The Spider's Web: Britain's Second Empire 00:14
- Well, tonight, we have a response from the head
Finance chairman, Mr. Richard Coles, - The Spider's Web: Britain's Second Empire 00:15
Finance chairman, Mr. Richard Coles,
- When I went to the Cayman Islands, back in 2008, - The Spider's Web: Britain's Second Empire 00:08
- When I went to the Cayman Islands, back in 2008,
He said, "Okay, we have had an order from on high - The Spider's Web: Britain's Second Empire 00:07
He said, "Okay, we have had an order from on high
"You are off limits." - The Spider's Web: Britain's Second Empire 00:14
"You are off limits."
- The author of a series of international media reports - The Spider's Web: Britain's Second Empire 00:08
- The author of a series of international media reports
Mr. Travers recently called Nicholas Shaxson an imbecile - The Spider's Web: Britain's Second Empire 00:09
Mr. Travers recently called Nicholas Shaxson an imbecile
Now the politics of envy are exacerbated - The Spider's Web: Britain's Second Empire 00:10
Now the politics of envy are exacerbated
And furthermore, he doesn't know what he's talking about. - The Spider's Web: Britain's Second Empire 00:06
And furthermore, he doesn't know what he's talking...
- [Narrator] The Cayman Islands - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] The Cayman Islands
It hosts 80,000 registered companies, - The Spider's Web: Britain's Second Empire 00:11
It hosts 80,000 registered companies,
It has a population of 60,000, roughly equivalent - The Spider's Web: Britain's Second Empire 00:09
It has a population of 60,000, roughly equivalent