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Bloomberg has just shown that the May Government’s proposals to shut the Serious Fraud Office are part of the UK’s post Brexit offer of Corruption-as-a-Service.
UK territories already include tax havens like Jersey and the Cayman Islands, so why not go the whole way and get rid of fraud prosecution altogether?
Steve Middleton, Financial Adviser and Founder of Bank Confidential, says that if you’re an up-to-no-good financial services outfit, who would you rather be on your case, Hercules Poirot or Inspector Clouseau?
That is the current state of affairs in the UK with the FCA, Bank of England, City of London Economic Crime Police, Audit Firms, Law Firms, SFO and the revolving door with the Banks.
As long as regulators are muzzled and employees afraid to speak out, the culture of Omertà that financial journalist Ian Fraser has said exists in UK financial services will never go away.
A potential whistleblower has to jump through many legal hoops in order to get whistleblower status and all for very little reward.
See it. Say it. Sorted.
The government’s recent “See it. Say it. Sorted.” campaign applies to unattended baggage and foreign looking individuals,
Apparently wearing a coat now makes you a terror suspect… Especially if you look like a Jew as depicted by the Nazis pic.twitter.com/JNeOXRwpGJ
— Jack Mendel (@Mendelpol) November 4, 2016
But as pointed out by the Bloomberg Report, the government’s entire post Brexit strategy is premised on suspect packages of cash making their way into the UK financial system with absolutely minimal questions asked.
The “See it. Say it. Sorted.” campaign is run by British Transport Police which reports to the Home Office.
Contrast that with typing “Speak up”, “Whistleblower” into a UK-based search engine. What you get is a fractured wild west of consulting firms all of whom are competing with each other to get private sector contracts to help companies deal with whistleblowers.
That’s right, containing whistleblowers is a business opportunity in the UK whereas in the US they have their own whistleblowing agency which pays whistleblowers in the case of successful prosecutions.
Hostile Environment
The hostile environment that Theresa May has chosen to create for immigrants in this country does not extend to dirty money, dictators, or the proceeds of massive financial crime.
Senior Saudi Officials are in town this week. The type that hire American mercenary firms to torture their own cousins in American owned Marriott Hotels in order to extract $100 billion and show everyone who’s boss.
This would be equivalent to Amber Rudd hiring ex-Met Chief Phillip Hogan Howe’s new HSBC financed security firm to torture the previous Home Secretary Theresa May for a few months in exchange for her and her husband’s pension and most of their life savings.
Of course all talk of British made bombs being dropped on innocent hungry Yemeni children is off limits.
The UK is still angling for the Saudis to give clearance for Saudi Aramco, the world’s biggest oil firm, to float on the London Stock Exchange.
Such a transaction would allow for millions in commission to float through to the City of London and to the advisers on the deal – HSBC.
One of the main advantages the UK has over the US is that in the UK no-one will ever bring a lawsuit agains the Saudis for harbouring terrorists.
In New York, lawyers are licking their lips at the chance of winning compensation for 911 victims from Saudi Arabia as 11 of the 19 hijackers were Saudis.
If Gadaffi had to pay for Lockerbie than why not the Saudis?
So UK really is selling immunity as a service. The ultimate form of liberalism. We believe in a form of diversity that takes in acceptance of war criminals and genocide as well as mere guns, drugs and terror.
I interviewed anti-corruption campaigner and HSBC Whistleblower Nicholas Wilson during the last election and he explained the situation nicely:
Nicholas Wilson has blogged, tweeted and spoken about these issues and UK politics in general from an HSBC angle. The data he presents and the power mapping he has done points strongly to the systems that are in place to protect the UK establishment as well as transnational corporations at the expense of much human life and the environment. To those of you who are interested in political puppetry and the revolving door, I strongly suggest following his campaign.
Public Relations
You have to admire the chutzpah of these Tories. It’s all done in plain sight and they only ever lie about it when questioned.
This puff piece in defence of Mohammed Bin Salman (MBS) is by an employee of the Islamaphobic Henry Jackson Society and appears in the Independent which is owned by the same Russian Oligarch that employed George Osborne to edit the Evening Standard.
The Standard and Independent’s mission is therefore clear: Oppose Brexit but promote anything which protects billionaires, like money laundering.
The i Paper Osborne
On Thursday George Osborne, current editor of the Evening Standard and architect of extended austerity policies that inflicted misery on millions, issued a self congratulatory tweet upon the news that the austerity deficit target had finally been met, two years after he was ejected and nearly 8 years after it started.
We got there in the end – a remarkable national effort. Thank you. https://t.co/8D23AKbuwH
— George Osborne (@George_Osborne) March 1, 2018
The question i ask myself is whether anyone is going to get the Labour Party to debate these issues openly and vigorously and put clear unambiguous pledges and policy in its manifesto that can stop this sort of thing forever.
Those who wish to contribute, please step forward.
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