We look at the Bureau of Investigative Journalism story about a Syrian kleptocrat and alleged war criminal, and the British Crown Dependency of Guernsey. It throws up all kinds of questions about policing compliance, enforcement and the need for public beneficial ownership registers, with good quality information.
Also, on day one of his presidency, Donald Trump pulled the United States out of the OECD's global minimum tax deal. So what now? We'll talk to the Tax Justice Network's Alex Cobham.
Featuring:
Reporter at The Bureau of Investigative Journalism, Ed Siddons
Guernsey-based investigative and podcast journalist, Rob Byrne
Alex Cobham of the Tax Justice Network
Hosted and produced by Naomi Fowler, Tax Justice Network
Transcript of the show is here (some is automated) https://podcasts.taxjustice.net/wp-content/uploads/2025/01/Jan_25_Taxcast_Transcript.pdf
Further reading:
'Butcher of Hama': Assad's uncle used Guernsey fund manager to stash millions looted from Syria (Bureau of Investigative Journalism) https://www.thebureauinvestigates.com/stories/2024-12-16/butcher-of-hama-assads-uncle-used-guernsey-fund-manager-to-stash-millions-looted-from-syria/
Guernsey, country profile, Tax Justice Network https://taxjustice.net/country-profiles/guernsey/
Guernsey Financial Services Commission notice regarding Ginette Blondel https://www.gfsc.gg/news/ms-ginette-louise-blondel
The Guernsey finance worker, the alleged war criminal and a £210k fine - Bailiwick Express News Jersey https://www.bailiwickexpress.com/news/focus-210k-fine-working-alleged-war-criminal-without-licence/
Sentencing of Bashar Assad's Uncle in France Exposes Bank's AML Failure https://www.moneylaundering.com/news/exclusive-sentencing-of-bashar-assads-uncle-in-france-exposes-banks-aml-failure/
Assad uncle used Guernsey adviser to secretly manage vast wealth https://www.theguardian.com/world/2024/dec/16/assad-uncle-used-guernsey-adviser-to-secretly-manage-vast-wealth
Former Syrian Vice President Rifaat al-Assad will stand trial in Switzerland on charges of war crimes and crimes against humanity https://trialinternational.org/latest-post/former-syrian-vice-president-rifaat-al-assad-will-stand-trial-in-switzerland-on-charges-of-war-crimes-and-crimes-against-humanity/
When will the British government impose public registries on its tax havens? Tax Justice Network blog from 2019 https://taxjustice.net/2019/03/04/when-will-the-british-government-impose-public-registries-on-its-tax-havens/
"The three Crown Dependencies have committed to introducing public registers. Guernsey, Jersey and the Isle of Man have private registers. However, in response to the 2022 ECJ ruling, in December 2022 the three governments said they would wait for legal advice before taking further steps." https://commonslibrary.parliament.uk/research-briefings/cdp-2023-0220/ (House of Commons Library)
Dear European Court of Justice, you were played, Tax Justice Network blog on 2022 European Court of Justice ruling https://taxjustice.net/2022/12/05/dear-european-court-of-justice-you-were-played/
Officer: GINETTE LOUISE BLONDEL, Data from Paradise Papers - Malta corporate registry https://offshoreleaks.icij.org/nodes/56057386 Guernsey FSC Prohibitions and Disqualified Directors https://www.opensanctions.org/datasets/gg_disqualified_directors/ Trump demands countries surrender tax sovereignty at economic gunpoint, Tax Justice Network https://taxjustice.net/press/trump-demands-countries-surrender-tax-sovereignty-at-economic-gunpoint/ Countries should stand up to President Trump's tax threat and continue working together to deliver a progressive global tax reform. https://www.icrict.com/non-classe/countries-should-stand-up-to-president-trumps-tax-threat-and-continue-working-together-to-deliver-a-progressive-global-tax-reform/ Our website with all our podcasts is https://podcasts.taxjustice.net/