UK lockdown - day fifty-one

Martin Woods (martin@amlwoods.com) is a former Metropolitan Police Officer and latterly the Head of Financial Crime at Thomson Reuters.

Overnight I exchanged emails with my good friend Robert Mazur [1], aka ‘The Infiltrator’ [2], and we spent a little time discussing tax, more precisely tax evasion. Bob told me that during lockdown he had been looking closely at some of the big tax case pleadings/settlements only to discover that the methods used by the relationship bankers were exactly the same as those practised in the private client department of the Bank of Credit and Commerce International (BCCI) 30+ years ago. [3] I am not so surprised, on the basis that the same mantra may apply whether the intent is good or bad: “If it ain’t broke, don’t fix it”.