Treasure Islands - Nicholas Shaxson [151]
70.See, for example, “Ordinance 10 and Its Impacts on Chinese Companies London IPOs,” Fasken Martineau Corporate e-bulletin, July 2009, http://www.fasken.com/china_equity/. The Lord Mayor was told that Ordinance 10 was designed to “prevent the illegal transfer of assets overseas.”
71.“Report by the Rt Hon. the Lord Mayor (Alderman John Stuttard) on His Visit to China, Hong Kong and South Korea,” City of London Corporation, November 8, 2007.
72.For example, David Kynaston’s magnum opus of the modern City of London, subtitled “A Club No More,” regarded by some as the definitive work on the City, hardly mentions the Corporation of London, and even then it hardly strays beyond discussing the Corporation’s role in City construction projects.
73.All Glasman quotes are from the author’s interviews with Glasman, 2009 and 2010.
CHAPTER 5 CONSTRUCTION OF A SPIDERWEB
1.See Tom Naylor, Hot Money and the Politics of Debt, 3rd ed. (McGill-Queen’s University Press, 2004), pp. 20–22.
2.Jeffrey Robinson, The Sink: How Banks, Lawyers and Accountants Finance Terrorism and Crime—and Why Governments Can’t Stop Them (Robinson Publishing, 2004), pp. 29–37.
3.E.g., Baron Grey of Naunton, 1964–1968; Francis Edward Hovell-Thurlow-Cumming-Bruce, 8th Baron Thurlow KCMG, 1968–1972; Sir John Warburton Paul, GCMG, OBE, MC.
4.The Bahamas became internally self-governing in 1964 and fully independent in 1973, though remaining a member of the British Commonwealth.
5.Memo V 122/2 to Rickett from M. H. Parsons, June 5, 1963.
6.See, for example, Lisa S. King, “Sir Stafford Sands’ Legacy Reviewed,” Freeport News, Nassau, August 31, 2005.
7.See Marvin Miller, compiler, “The Breaking of a President 1974—The Nixon Connection,” http://www.mail-archive.com/ctrl@listserv.aol.com/msg11727.html.
8.See Tom Naylor, Hot Money and the Politics of Debt, 3rd ed., p. 40; also see Oswald Brown, “Restore Sir Stafford’s Portrait to the $10 Bill,” Freeport News (Bahamas), Feb. 13, 2009, http://freeport.nassauguardian.net/editorial/293789643182596.php; “The Bahamas: Bad News for the Boys,” Time, Jan. 20, 1967, http://www.time.com/time/magazine/article/0,9171,843308,00.html.
9.Anthony Sampson, “Treasure Island,” published in YellowBlackRed, 1999, www.reocities.com/blackyellowred/#top.
10.Report on a team visit to the Cayman Island, British Development Division in the Caribbean, April 14–17, 1969. From the British National Archives.
11.Paul Sagar, the primary researcher for this material, provides the essence of this summary.
12.DSC 203940.
13.Research conducted in British national archives by Paul Sagar on behalf of this book.
14.Thanks to Paul Sagar for this concise summary.
15.William Brittain-Catlin, Offshore: The Dark Side of the Global Economy (New York: Picador, 2005), p. 33.
16.In the interview, and J. A. Roy Bodden, The Cayman Islands in Transition (Kingston/Miami: Ian Randle Publishers, 2007), p. 105.
17.Robinson, The Sink, p. 48.
18.Widely cited. See, for example, “Bernard Cornfeld,” www.includipedia.com, accessed August 2010.
19.Author’s interview with Gill, George Town, Grand Cayman, May 2009.
20.Field refused to testify, pleading Fifth Amendment protection, but the U.S. Court of Appeals rejected this plea.
21.The Confidential Relationships (Preservation) law was amended in 2009, making the law somewhat less hard-line, but the essential elements providing criminal sanctions against breaking secrecy remain in place.
22.Norman’s Cay: Playground for Drug Smugglers, PBS Frontline, www.pbs.org.
23.Seamus Andrew and Niall Goodsir-Cullen, “Accountability of Cayman Islands Directors,” published by SC Andrew LLP, London, 2008.
24.See “Companies and Partnerships,” published by Cayman Islands Financial Services, Cayman Islands government, http://www.scandrew.com/publications/Accountability%20of%20Cayman%20Islands%20Directors.pdf, accessed August 27, 2010.
25.Letter to Benn from Michael Dun, one of Benn’s constituents, “Ref. Tax Havens and the Bank of England,” May 30, 1975. The letter was forwarded