A new list has been devised which names countries with the best anti-money laundering controls but it excludes British
tax havens.
The document was drawn up by EU member states and was devised to allow countries to analyse the number of checks they need to carry out on
financial transactions from those areas, reports the Financial Times.
Critics have noted that British-linked tax havens are not present on the list. Overseas territories such as Bermuda and the Cayman Islands are absent on the list while the
Channel Islands and the Isle of Man are only given a qualified status.
According to the newspaper, the Treasury said: "It's still an ongoing list and this is just the start. First roll call doesn't mean you never get on"
Herm, a tax haven in the
Channel Islands, has recently been put on the market. A 40 year lease for the island is expected to sell for £15 million. The price includes a manor house, chapel and a small jail.
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