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The Spider's Web: Britain's Second Empire

The countries are now required to automatically providedetails of the ownership of bank...

The countries are now required to automatically provide
details of the ownership of bank accounts and how they're used

Full Transcript

00:00:01.000 --> 00:00:02.784
The countries are now required
00:00:02.784 --> 00:00:05.352
to automatically provide details of the ownership
00:00:05.352 --> 00:00:07.796
of bank accounts and how they're used.
Duration
9 seconds
Views
19
Timestamp in Movie
00:19:22
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.
- 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
- An offshore structure will often have a trust kind - The Spider's Web: Britain's Second Empire 00:07
- An offshore structure will often have a trust kind
The trust will be here, managing the assets, - The Spider's Web: Britain's Second Empire 00:06
The trust will be here, managing the assets,
Underneath it, the trust will own some shell companies. - The Spider's Web: Britain's Second Empire 00:06
Underneath it, the trust will own some shell companies.
These trustees are somewhere else, - The Spider's Web: Britain's Second Empire 00:10
These trustees are somewhere else,
Each of these companies might then own assets. - The Spider's Web: Britain's Second Empire 00:05
Each of these companies might then own assets.
So they might own a bank account, a racehorse, a yacht, - The Spider's Web: Britain's Second Empire 00:11
So they might own a bank account, a racehorse, a yacht,
- [Narrator] There are numerous variations of trusts - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] There are numerous variations of trusts
There are offshore lawyers whose work entails the creation - The Spider's Web: Britain's Second Empire 00:09
There are offshore lawyers whose work entails the creation
The aim of these structures is to hide the identity - The Spider's Web: Britain's Second Empire 00:12
The aim of these structures is to hide the identity
- Looking on the amount - The Spider's Web: Britain's Second Empire 00:14
- Looking on the amount
And all the talking we have been doing, - The Spider's Web: Britain's Second Empire 00:11
And all the talking we have been doing,
It is the world where you say, "Go on talking - The Spider's Web: Britain's Second Empire 00:06
It is the world where you say, "Go on talking
"You're interesting me." - The Spider's Web: Britain's Second Empire 00:06
"You're interesting me."