We know only too well that overseas territories and crown dependencies play a pivotal role in helping crooks and tax dodgers

• We must stop UK territories laundering money, say politicians

This week, UK ministers and political leaders from Britain’s overseas territories will come together at the joint ministerial council. This summit is intended to build a united strategy for our partnership with the overseas territories, built on shared democratic values and respect for human rights.

But this partnership also comes with the obligation to adhere to certain standards. For those campaigning to eradicate money laundering and fraud from the UK’s economy, that involves tearing down secrecy and promoting full corporate transparency and robust accountability through publicly accessible registers of beneficial ownership.