Martin Kenney was interviewed by Bloomberg Businessweek in the BVI for an article focusing on the raging debate over the attempt to force open – or ‘public’ – company registers on the British overseas territories.
It’s a move Martin thinks is fundamentally flawed.
Kenney said transparency will simply cause fraudsters to use more devious means to avoid detection and migrate to black holes like the Seychelles, or even Delaware, where he said it’s more difficult to get information than in the BVI. That will only make it harder and more expensive to track them down, he said.
“Al Capone isn’t stupid. Whatever mousetrap you build, they will find ways to get around it.”
Bloomberg Businessweek 3 July 2019
