Cynon Valley

Stop the flow of secret money

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SUPPORTERS of Brexit should take this chance to learn, from an outside source, about the hidden motives of those Conservati­ve MPs on whom they are relying for the complete “no deal” break with the EU.

Quite separate from EU concerns, a majority of MPs wished to prevent some of the moneylaund­ering activities prevalent in “off-shore banking” in previous British colonies, just by simple transparen­cy, that the names of companies and individual­s who own this money, should no longer be hidden from the world.

Financial authoritie­s should be able to identify the persons who are transferri­ng funds for dubious reasons, in order to be able to trace its destinatio­n, but British Virgin Islands etc protest. They demand secrecy. Who, do you think, benefits from that?

In the UK Parliament, that majority pressing for transparen­cy were opposed by just those Tory MPs who favour hard Brexit, for exactly the same reason as the British Virgin Islands. Their whole ambition in breaking away from the EU, with its honest attempt at regulation of internatio­nal corporatio­ns, has always been to isolate Britain, to become a bigger version of Jersey and the Isle of Man.

That is their personal aim, the extreme of Tory market forces capitalism, where the rich get richer from secret arms deals which smuggle weapons and explosives, from where they are manufactur­ed to where they are used.

It is not possible for terrorists to sustain their seven-and-a-half year war in Syria without a huge flow of secret money to finance it, through banks which conceal the names of those who feed it for a profit. It is vaguely possible that bank investors do not know that their large profit comes from mass murder.

We should learn, but Brexiteers have most to learn, that war costs money, and no other activity on the planet brings a higher cash return.

Stopping the flow of secret money is one way to stop a war. Neville Westerman Brynna

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