. Almost everyone's pension and savings now pass through the offshore havens that have sprung up since the 1960s. These offshore havens are highly secretive and encourage wealthy individuals and transnational corporations to avoid paying taxes in the countries in which they live and operate. All over the world, the press and regulators frequently report that the offshore havens are associated with money laundering, drug trafficking, smuggling, tax evasion and other forms of organized crimes. Many of these havens are UK Crown Dependencies. Successive British governments have turned a blind eye to the affairs of the