Global financial secrecy declines, SA remains stagnant on secrecy index
Global financial secrecy has waned over the last couple of years, according to the latest edition of the Financial Secrecy Index, released by the Tax Justice Network. Despite this encouraging sign, however, many countries still play far too great a role in driving the secrecy trade and its elements of tax evasion, money laundering, embezzlement, capital flight, and more. This is part 2 of our mini-series on financial secrecy.
