An article by Tom Keatinge published on 11th May by the Royal United Service Institute says that the cross-border flow of criminal finances benefits from a continued failure of money centres to co-operate. He asks: divided by language, laws and time zones, what do Hong Kong, London, Dubai, Singapore, New York, Mumbai and a handful of other cities around the world have in common? Answering that they are all money centres that regularly feature in financial crime scandals. He says that there is no doubt that offshore financial centres (including the UK’s Overseas Territories) must do more to introduce the transparency needed to strengthen their defences against abuse by criminal actors. He says that the failure of global financial centres to collaborate with the objective of strengthening the integrity of the global financial system means that those seeking to enjoy ill-gotten gains still have easy access to all the tools they require. He sets out 4 things such centres could do to improve things – starting with a core group of global financial centres being assembled and committed to using its position of influence and facilitation to tackle illicit financial flows.