I see some progress appears to being made in the revealing of holders of off shore accounts. If I am interpreting this right, anyone in the near future should have access to the companies and individual names of anyone with off shore accounts in this tax haven. This will be a good thing for investors that don,t use these havens enabling them to get names of people that have held stock of their investments and to get access to the trading records of these accounts. This will go a long way in holding funds and individuals accountable for any acts that look like stock manipulation and will provide more transparency to the manipulative acts of the past. Of course there are about 150 off shore tax havens that criminals can change to for now, but its only a matter of time, because records have to be kept and there is always a paper trail as more and more of these tax havens are forced to be transparent.

In this day and age, criminals can run, but its getting much harder to hide. Countries are getting sick of billions and maybe even trillions of dollars being erased from their economies by these tax havens and investors as well that see stock manipulation performed through these accounts. A lot of naked shorting is done also through off shore accounts, where it couldn,t be traced as quick in the past. By the time some fail to delivers showed up and were being investigated, the perpetrator could easily close down that account and open another in a different tax haven, always on the move to make it much harder to track. But now, with more and more tax havens opening up their books, it will be easy to see some of the perpetrators and fingers can be pointed at that time, even though they may have moved from that haven a few years ago. Lots of times accounts will be opened in other peoples names, but that was very risky as well for various reasons and the companies were the simple desired way to go for most who were just trying to hide their wealth and not engaged in illegal activity other than maybe considered tax evasion.

These off shore accounts have contributed largely to the partial demise of economies. By these large off shore bank accounts being allowed to exist outside of an economy, it took away tax dollars that had to be supplimented by, you guessed it, you!. It also takes currency out of these economies that could have been there circulating a little more in providing more services by governments like better health care, better roads, better schooling with less tuition, the effects list goes on and on. It makes the common guy work harder to take up the slack in provided services and does add to the backload of the little guy. The LIBOR scandle may have seemed to take little out of each persons pocket globally, but if you looked at that in volume from one particular country, that combined amount could have put a dozen more badly needed hospitals in this country or it could have easily added to seniors pensions, giving them a few extra dollars to live off of where they are close to poverty levels instead of letting the rich skim it and buy expensive toys out of. We are in a great time of change, where corruption is steadily and increasingly being revealed as a clean up is in progress and things will be unable to operate as corrupt as before. The rich were getting richer, but that trend has reversed a few years back and you now see some of the rich becoming poor or locked up as each corruption is revealed.

I could go on and on, on this subject but prefer to leave it there. And of course, this is all in my opinion and others.

"The British overseas territory, which has been criticised as being one of the most secretive finance jurisdictions in the world, is introducing reforms that will make public the names of thousands of previously hidden companies and their directors, reports the Financial Times, "

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9810339/Cayman-Islands-to-name-previously-hidden-companies.html