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The Spider's Web: Britain's Second Empire

(solemn music) - Secrecyjurisdictions are heavily used for fraudulent and...

(solemn music) - [Narrator] Secrecy
jurisdictions are heavily used for fraudulent and gray-area
financial activities, areas where secrecy is not
just desirable but a necessity

Full Transcript

00:00:01.000 --> 00:00:03.583
(solemn music)
00:00:05.108 --> 00:00:07.344
- [Narrator] Secrecy jurisdictions are heavily used
00:00:07.344 --> 00:00:11.036
for fraudulent and gray-area financial activities,
00:00:11.036 --> 00:00:15.203
areas where secrecy is not just desirable but a necessity.
Duration
16 seconds
Views
16
Timestamp in Movie
00:44:45
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.
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
(solemn music) - The Spider's Web: Britain's Second Empire 00:19
(solemn music)