Andorran law incorporates constitutional guarantees of privacy supported by criminal sanction for their breach. It is also a sensibly and non- invasively regulated jurisdiction in keeping with its national ethos.
In contrast, elsewhere the first years of this century have seen an unprecedented erosion of individual financial privacy in the name of preserving personal security. There is little evidence that global administrative surveillance of private financial transactions has ever prevented or curtailed the activities of terrorists. There is however a great deal of evidence that data collected under this guise is being used to track private capital.
The latest anti-money laundering laws from the EU make it clear that prevention of terrorist funding is now a secondary objective of the legislation; locating and ultimately taxing capital in private ownership is now the primary objective.
WKI can offer what may soon become the only structures through which financial privacy can be maintained.
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