Thursday, November 21, 2013

Luxembourg about to be exposed by OECD as non-compliant

This is certainly what we've been hearing, and Le Temps in Switzerland has this to say:
"According to an evaluation of 50 countries whose results will be published on Friday, on the occasion of the OECD's sixth Global Forum, [Luxembourg] will be judged 'non compliant.'"
Luxembourg, of course, is ranked second on our world famous Financial Secrecy Index.

Read the new Luxembourg country report for a broad, shocking story of how this small founder member of the European Union became a rogue financial state at the heart of Europe.

Switzerland, our number 1 in the index, isn't in the clear from the OECD either.

Update 2014: for resources and information on financial secrecy see here.


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