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In 1986, economist John Christensen
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The Spider's Web: Britain's Second Empire

In 1986, economist John Christensen went offshore to investigate

In 1986, economist John Christensen went offshore to investigate

Full Transcript

00:00:01.000 --> 00:00:04.046
In 1986, economist John Christensen
00:00:04.046 --> 00:00:06.599
went offshore to investigate.
Duration
8 seconds
Views
16
Timestamp in Movie
00:42:24
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.
He applied for a position at the Jersey office - The Spider's Web: Britain's Second Empire 00:07
He applied for a position at the Jersey office
- At Deloitte Touche, I was working - The Spider's Web: Britain's Second Empire 00:09
- At Deloitte Touche, I was working
I went offshore specifically to work in that area, - The Spider's Web: Britain's Second Empire 00:12
I went offshore specifically to work in that area,
That way, I could see, from working - The Spider's Web: Britain's Second Empire 00:11
That way, I could see, from working
I had complete access to all the client files. - The Spider's Web: Britain's Second Empire 00:06
I had complete access to all the client files.
And over the course of my period of working - The Spider's Web: Britain's Second Empire 00:13
And over the course of my period of working
There was some insider traders, some market rigging, - The Spider's Web: Britain's Second Empire 00:17
There was some insider traders, some market rigging,
This is what the clients were doing. - The Spider's Web: Britain's Second Empire 00:05
This is what the clients were doing.
(solemn music) - The Spider's Web: Britain's Second Empire 00:13
(solemn music)
They were all involved in some kind of tax dodging or worse. - The Spider's Web: Britain's Second Empire 00:06
They were all involved in some kind of tax dodging or worse.
- I met with Carl Levin, who used to be my senator. - The Spider's Web: Britain's Second Empire 00:07
- I met with Carl Levin, who used to be my senator.
And he made a lot of inquiries into private banking, - The Spider's Web: Britain's Second Empire 00:09
And he made a lot of inquiries into private banking,
What do you think the percentage is among your clients - The Spider's Web: Britain's Second Empire 00:11
What do you think the percentage is among your clients
The answer was, "I believe that 99.9% - The Spider's Web: Britain's Second Empire 00:15
The answer was, "I believe that 99.9%
This is American bankers telling what they are doing. - The Spider's Web: Britain's Second Empire 00:05
This is American bankers telling what they are doing.
And it's exactly the same thing with UK bankers, - The Spider's Web: Britain's Second Empire 00:15
And it's exactly the same thing with UK bankers,
(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,