Europe’s 20 biggest banks are registering over a quarter of their profits in tax havens – well out of proportion to the level of real economic activity that occurs there, according to a new report by Oxfam and the Fair Finance Guide International today.
It is shameful to see European banks again involved in a major global money laundering scandal.
Every year, the Somali diaspora sends home approximately $1.3bn. But this system of remittances to Somalia is under threat, particularly in the US and the UK.
We are part of a movement of campaigns in more than 25 countries around the world with millions of supporters.