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Lucy Komisar is a New York–based journalist who travelled in the developing world in the 1980s and 1990s writing about movements to overthrow the despots who were running many of the countries she visited. When she talked to oppositionists in such places as the Philippines, Haiti, and Zaire, they invariably said this about their local dictator: “He’s looted the country, stolen everything, and it’s all in Swiss banks.” [long] The phrase was, as she discovered, shorthand for a parallel international financial system run by the world’s largest banks using secret accounts and shell companies in offshore havens like the Cayman Islands and Jersey to hide and move the money of dictators, corrupt officials, drug and people traffickers, terrorists, business fraudsters, stock manipulators, and corporate and wealthy tax cheats—and that their political power kept Western governments from acting against the system. Beginning in 1997, she shifted her focus to reportage about offshore banking. Much of what she has published over the last ten years (see www.thekomisarscoop.com) has never been published elsewhere. Based on her investigations, she is writing a book to be called Take the Money and Run Offshore.
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