[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This week, there have been \Na whole slew and deluge of stories
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,coming out form the leak\Nof 11 million documents
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,from a Panamanian-based law firm\Ncalled Mossack Fonseca.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The release of these papers\Nfrom Panama
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,lifts the veil on a tiny piece\Nof the secretive offshore world.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We get an insight into how\Nclients and banks and lawyers
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,go to companies like Mossack Fonseca
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and say, "Okay, we want\Nan anonymous company,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,can you give us one?"
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So you actually get to see the emails,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,you get to see the exchanges\Nof messages,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,you get to see the mechanics\Nof how this works,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,how this operates.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now this has already started\Nto have
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,pretty immediate repercussions.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The Prime Minister of\NIceland has resigned.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We've also heard news that an ally\N
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of the brutal Syrian dictator \NBashar al-Assad
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,has also got offshore companies.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,There's been allegations\Nof a 2 billion-dollar money trail
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that leads back to \NPresident Vladimir Putin of Russia
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,via his close childhood friend
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who happens to be a top cellist.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And there will be a lot \Nof rich individuals our there
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and other who will be nervous\Nabout the next set of stories
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and the next set of leaked documents.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, this sounds like the plot\Nof a spy thriller
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,or a John Grisham novel.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It seemed very distant from\Nyou and me ordinary people.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Why should we care about this?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But the truth is that if rich\Nand powerful individuals
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,are able to keep their money offshore
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and not pay the taxes that they should,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,it means that there is less money\Nfor vital public services
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like healthcare, education, roads,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and that affects all of us.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now for my organization Global Witness,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,this exposé has been phenomenal.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We have the world's media\Nand political leaders
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,talking about how individuals can use\Noffshore secrecy
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to hide and disguise their assets,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,something we have been talking about\Nand exposing for a decade.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now I think a lot of people\Nfind this entire world
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,baffling and confusing\Nand hard to understand
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,how this sort of offshore world works.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,I like to think of it a bit\Nlike a Russian doll.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So you can have one company\Nstacked inside another company,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,stacked inside another company,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,making it almost impossible\Nto really understand
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who is behind these strucutres.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It can be very difficult\Nfor law enforcement
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,or tax authorities, journalists,\Nor civil society
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to really understand what's going on.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,I also think it's interesting\Nthat there's been
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,less coverage of this issue \Nin the United States,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and that's perhaps because \Nsome prominent US people
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,just haven't figured in this exposé,\Nin this scandal.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now that's not because there are\Nno rich Americans
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who are stashing their assets\Noffshore.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's just because of the way in which\Noffshore works,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Mossack Fonseca has fewer \NAmerican clients.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,I think if we saw leaks from\Nthe Cayman Islands
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,or even from Delaware\Nor Wyoming or Nevada,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,you would see many more cases\Nand examples
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,linking back to Americans.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In fact, in a number of US states,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,you need less information,\Nyou need to provide less information
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to get a company than you do \Nto get a library card.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That sort of secrecy in America\Nhas allowed
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,employees of school districts\Nto rip off school children.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It has allowed scammers\Nto rip off vulnerable investors.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This is the sort of behavior\Nthat affects all of us.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now at Global Witness,\Nwe wanted to see
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,what this actually looked \Nlike in practice.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,how does this actually work?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So what we did is we sent in\Nan undercover investogator
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to 13 Manhattan law firms.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Our investigator posed\Nas an African minister
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who wanted to move suspect funds\Ninto the United States
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to buy a house, a yacht, a jet.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now what was truly shocking\Nwas that all but one of those lawyers
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,provided our investigator with suggestions\Non how to move those suspect funds.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,These were all preliminary meetings
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and none of the lawyers took us on\Nas a client,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and of course no money moved hands,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but it really shows the problem\Nwith the system.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's also important to not just\Nthink about this
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,as invidiaul cases.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This is not just about \Nan individual lawyer
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who's spoken to our \Nundercover investigator
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and provided suggestions.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's not just about a particular\Nsenior politician
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who's been caught up\Nin a scandal.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This is about how a system works
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that entrenches corruption,\Ntax evasion, poverty and instability.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And in order to tackle this,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we need to change the game,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we need to change the rules of the game
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to make this sort of behavior harder.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This may seem like doom and gloom,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like there's nothing we can do about it,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like nothing has ever changed,\N
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like there will always be \Nrich and powerful individuals.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But as a natural optimist,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,I do see that we are starting\Nto get some change.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Over the last couple of years,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we've seen a real push towards\Ngreater transparency
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,when it comes to company ownership.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This issue was put on \Nthe political agenda
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,by the UK Prime Minister David Cameron\Nat a big G8 Summit
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that was held in Northern Ireland\Nin 2013.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And since then, the European Union\N
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is going to be creating central registers\Nat a national level
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of who really owns and controls companies\Nacross Europe.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,One of the things that is sad is that\Nactually the US is lagging behind.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,There's bipartisan legislation\Nthat's been introduced
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in the House and the Senate,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but it isn't making as much progress\Nas we'd like to see.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So we'd really want to see\Nthe Panama leaks,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,this huge peak into the offshore world,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,be used as a way of opening up\Nin the US and around the world.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,For us at Global Witness, \Nthis is a moment for change.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We need ordinary people\Nto get angry
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,at the way in which people can hide\Ntheir identity behind secret companies.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We need business leaders to stand up\Nand say,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,"Secrecy like this is\Nnot good for business."
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We need political leaders \Nto recognize the problem
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and to commit to changing the law\Nto open up this sort of secrecy.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Together, we can end the secrecy\Nthat is currently allowing
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,tax evasion, corruption, money laundering\Nto flourish.