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[Narrator] In Britain's offshore jurisdictions
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The Spider's Web: Britain's Second Empire

In Britain'soffshore jurisdictions, no qualifications arenecessary to be a trustee

[Narrator] In Britain's
offshore jurisdictions, no qualifications are
necessary to be a trustee

Full Transcript

00:00:01.000 --> 00:00:03.047
- [Narrator] In Britain's offshore jurisdictions,
00:00:03.047 --> 00:00:06.094
no qualifications are necessary to be a trustee.
Duration
8 seconds
Views
20
Timestamp in Movie
00:17:45
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.
Anyone can set up a trust and act as a trustee. - The Spider's Web: Britain's Second Empire 00:06
Anyone can set up a trust and act as a trustee.
There are no bodies to certify that a trust has been set up. - The Spider's Web: Britain's Second Empire 00:07
There are no bodies to certify that a trust has been set up.
- The only persons who know about the creation - The Spider's Web: Britain's Second Empire 00:08
- The only persons who know about the creation
There is no financial reporting obligation of trusts. - The Spider's Web: Britain's Second Empire 00:06
There is no financial reporting obligation of trusts.
They're not required to put annual statements - The Spider's Web: Britain's Second Empire 00:07
They're not required to put annual statements
So actually trusts are, to all intents and purposes, - The Spider's Web: Britain's Second Empire 00:08
So actually trusts are, to all intents and purposes,
- [Narrator] Economist John Christensen - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] Economist John Christensen
We're talking now about trillions, - The Spider's Web: Britain's Second Empire 00:10
We're talking now about trillions,
For tax purposes and for other purposes, - The Spider's Web: Britain's Second Empire 00:06
For tax purposes and for other purposes,
Everything, works of arts, gold bullion, - The Spider's Web: Britain's Second Empire 00:17
Everything, works of arts, gold bullion,
Now think that one through, 'cause we are talking - The Spider's Web: Britain's Second Empire 00:13
Now think that one through, 'cause we are talking
- Well, the Cayman Islands are among several - The Spider's Web: Britain's Second Empire 00:11
- Well, the Cayman Islands are among several
The countries are now required - The Spider's Web: Britain's Second Empire 00:09
The countries are now required
- It's important that the Cayman Islands - The Spider's Web: Britain's Second Empire 00:11
- It's important that the Cayman Islands
And I think this importantly reflects - The Spider's Web: Britain's Second Empire 00:13
And I think this importantly reflects
- The trust lies at the core of the British secrecy model. - The Spider's Web: Britain's Second Empire 00:05
- The trust lies at the core of the British secrecy model.
The British, of course, are only too willing - The Spider's Web: Britain's Second Empire 00:08
The British, of course, are only too willing
- [Narrator] Trusts are the basic building block - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] Trusts are the basic building block
Every secrecy jurisdiction offers a specific set - The Spider's Web: Britain's Second Empire 00:11
Every secrecy jurisdiction offers a specific set
The combination of these services - The Spider's Web: Britain's Second Empire 00:14
The combination of these services