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World

UK hosts global anti-graft summit

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Opening sequence

World

UK hosts global anti-graft summit

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COMING UP:UK hosts global anti-graft summit

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Transcript

00:00:01
>> In here, he's the host of a global anti-corruption summit the first of its kind.>> If we want to beat extremism, if we want to narrow the gap between the richest countries in the world and the poorest countries in the world, we have to tackle corruption. But outside, he's seen in a somewhat different light.
00:00:19
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00:00:23
On the back of the damaging Panama's Papers leaks, this is how some view his attempt to attack Graft, even if Thursday's London Summit started with a largely welcomed clamp down.>> David Cameron has kicked off this summer with a headline grabbing announcement. That foreign companies wanting UK property will have to declare their beneficiaries.
00:00:43
But some say he´s missing the bigger picture. I'm Reuters reporter Jacob Greece, and this, believe it or not, is central London, where campaigners say the focus should be on Britain´s tax haven Treasure Islands.>> If the UK wants to be seen as a leader in the fight against corruption and poverty globally
00:01:00
>> Then they have to be taking serious action, to tackle the secrecy, of the tax haven's links to the UK. Places like the Cayman Islands, the British Virgin Islands, places where it's incredibly easy for tax dodgers to stash their cash. Oxfam say the first step would be to make data public, showing who owns shell companies and trusts, but that would mean the British government wading into the affairs of overseas territories.
00:01:26
Back on UK soil, and disparaging recent comments about so-called fantastically corrupt countries attending the summit,>> Nigeria and Afghanistan, possibly the two most corrupt countries>> Have given others a rallying cry. But there has been some agreement, a global plan to recover stolen assets, another announcement making noise at this summit, as well as that registered to declare investor's beneficiaries.
00:01:48
Critics have said this could be a talking shop, but with some of the goals of the anti-corruption groups getting serious airtime, it may in fact be remembered as a turning point in tackling global graft.