Anatomy of how crooks use financial secrecy in the UK and New Zealand to rip off international investors with impunity

The financial secrecy regimes in New Zealand and the UK create many opportunities for "jurisdictional regulatory arbitrage," playing each system's weaknesses off against the other to operate in near-perfect secrecy, creating companies whose owners are anonymized but still able to cash out the firms' profits -- an enormous boon to fraudsters who run Ponzi schemes and other dodgy enterprises that rely on the UK and New Zealands' reputation as places of good governance and financial uprightness. Read the rest