Financial Times FT.com

‘White list’ excludes UK-linked tax havens

By Michael Peel and Nikki Tait

Published: May 27 2008 23:33 | Last updated: May 27 2008 23:41

A new international “white list” of financial centres with top quality anti-money laundering controls has sparked a row by excluding key British-linked tax havens.

The draft document – drawn up by European Union member countries – omits financial centres in Britain’s Caribbean territory and gives the Crown dependencies only a qualified status, even though it includes Russia and other countries with contentious anti-money-laundering records.

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