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[Narrator] But BCCI had not just collaborated
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The Spider's Web: Britain's Second Empire

But BCCIhad not just collaborated with the world's intelligence services, it had also...

[Narrator] But BCCI
had not just collaborated with the world's intelligence services, it had also engaged in
extensive financial fraud, money laundering and terrorist financing

Full Transcript

00:00:01.000 --> 00:00:03.222
- [Narrator] But BCCI had not just collaborated
00:00:03.222 --> 00:00:05.725
with the world's intelligence services,
00:00:05.725 --> 00:00:09.001
it had also engaged in extensive financial fraud,
00:00:09.001 --> 00:00:13.032
money laundering and terrorist financing.
Duration
14 seconds
Views
21
Timestamp in Movie
00:14:05
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.
- BCCI constituted international global crime - The Spider's Web: Britain's Second Empire 00:09
- BCCI constituted international global crime
The Bank of England knew it, says the report, - The Spider's Web: Britain's Second Empire 00:09
The Bank of England knew it, says the report,
- I am saying very directly - The Spider's Web: Britain's Second Empire 00:12
- I am saying very directly
Millions of depositors were hurt in that process. - The Spider's Web: Britain's Second Empire 00:07
Millions of depositors were hurt in that process.
- [Narrator] Numerous whistleblowers from BCCI - The Spider's Web: Britain's Second Empire 00:06
- [Narrator] Numerous whistleblowers from BCCI
Yet the Bank of England did nothing. - The Spider's Web: Britain's Second Empire 00:05
Yet the Bank of England did nothing.
- The Bank of England had plenty of time - The Spider's Web: Britain's Second Empire 00:24
- The Bank of England had plenty of time
- [Narrator] Robin Leigh-Pemberton, the governor - The Spider's Web: Britain's Second Empire 00:12
- [Narrator] Robin Leigh-Pemberton, the governor
"If we closed down a bank every time we found an incidence - The Spider's Web: Britain's Second Empire 00:23
"If we closed down a bank every time we found an incide...
This is one of the reasons why today there are more banks - The Spider's Web: Britain's Second Empire 00:09
This is one of the reasons why today there are more banks
And that is part of the offshore business model of the UK, - The Spider's Web: Britain's Second Empire 00:07
And that is part of the offshore business model of the UK,
- [Narrator] Light-touch regulation was one way - The Spider's Web: Britain's Second Empire 00:06
- [Narrator] Light-touch regulation was one way
From the 1960s onwards, City of London institutions began - The Spider's Web: Britain's Second Empire 00:10
From the 1960s onwards, City of London institutions began
Their aim was to create offshore centers - The Spider's Web: Britain's Second Empire 00:11
Their aim was to create offshore centers
- Swiss banking secrecy is the most famous, - The Spider's Web: Britain's Second Empire 00:05
- Swiss banking secrecy is the most famous,
You put your money in a Swiss bank, - The Spider's Web: Britain's Second Empire 00:06
You put your money in a Swiss bank,
That's one kind of secrecy, but another kind of secrecy, - The Spider's Web: Britain's Second Empire 00:08
That's one kind of secrecy, but another kind of secrecy...
And the trust is a very slippery, complicated - The Spider's Web: Britain's Second Empire 00:08
And the trust is a very slippery, complicated
Trusts emerged, the legend has it, from the time - The Spider's Web: Britain's Second Empire 00:13
Trusts emerged, the legend has it, from the time
What trusts do, ultimately, is they play - The Spider's Web: Britain's Second Empire 00:06
What trusts do, ultimately, is they play