http://www.financialtaskforce.org/2009/07/10/when-a-state-supports-crime-what-rights-does-it-have/ Thu, 09 Feb 2012 05:46:00 -0500 hourly 1 http://wordpress.org/?v=3.3.1 http://www.financialtaskforce.org/2009/07/10/when-a-state-supports-crime-what-rights-does-it-have/comment-page-1/#comment-29 Dev Kar Fri, 10 Jul 2009 18:03:16 +0000 http://www.financialtaskforce.org/?p=2732#comment-29 I agree fully with the blog posted by Richard Murphy. It is time that the international community of nations present a united front against bank secrecy and the criminal conduct of certain financial institutions which seek to hide behind jurisdictions that provide such secrecy. Emerging countries like India should take a more pro-active role in international forums against secrecy jurisdictions and should strongly support the action of the G20 in demanding greater transparency and accountability from all financial institutions that engage in cross-border transactions. The world's shadow banking system must be destroyed systematically using new and existing statues in international law. I agree fully with the blog posted by Richard Murphy. It is time that the international community of nations present a united front against bank secrecy and the criminal conduct of certain financial institutions which seek to hide behind jurisdictions that provide such secrecy. Emerging countries like India should take a more pro-active role in international forums against secrecy jurisdictions and should strongly support the action of the G20 in demanding greater transparency and accountability from all financial institutions that engage in cross-border transactions. The world’s shadow banking system must be destroyed systematically using new and existing statues in international law.

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