Abolish Bank Secrecy (ABS)

Bank Secrecy is the ultimate source of all major global problems. Bank Secrecy allows and stimulates global corruption at the highest level. Political corruption opens the door to: war, organized crime, trafficking of weapons, drugs, people and animals. It also includes massive destruction of nature (Ecocide), which is one of the main causes of both climate breakdown and the extinction of species.

Bank Secrecy allows individual people and organisations to have bank accounts that cannot be reviewed or controlled by authorities or anybody else. Basically it allows them to hide money from the rest of the world. The only publicly known cases of using secret bank accounts and black money are criminal uses that range from political corruption and other organized crime to tax evasion. The best known recent cases are SwissLeaks, LuxLeaks, and  Panama Papers. However, the International Consortium of Investigative Journalists (ICIJ) expose more than 30 cases worldwide.

Up to 32.000.000.000.000 $ (trillion!), roughly a quarter of all global wealth, could be hidden on secret bank accounts in 2010 according to the Tax Justice Network. This is more than enough to end all poverty in the world, to solve the so-called global financial ‘crisis’ and to finance instantly all radical changes that are needed to fight the climate crisis. Political unwillingness to act for real, not just in words, is the one and only reason this situation still exists and getting worse.

The few people who do try to shed light on these matters are being prosecuted, like Hervé Falciani, or even killed. Daphne Caruana Galizi was a journalist who has been brutally murdered by a car bomb in october 2017. She investigating political corruption in connection with money laundring, mafia and trafficking of drugs and oil in Malta, former English colony and tax haven.

References

“The MEPs found that seven of the EU’s 28 member states — Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and The Netherlands — “display traits of a tax haven and facilitate aggressive tax planning.””




FIVE VALUES

1 – Nature First
2 – Free Speech
3 – Gender Equality
4 – Go non-profit
5 – Abolish Bank Secrecy
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