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Transcripts for CNN CNN Newsroom Live 20211004 08:36:00

These off shore systems are often exploited by criminals to hide ill-gotten gains. corrupt politicians. and as you put it at the top of the show, i mean, just the very, very wealthy in moving money and hiding money in ways that the rest of us simply can t or don t tend to do. the washington post off shore firms said they will answer questions about their clients. north korea has opened talks with south korea after cutting ties. they confirm the north responded on a hotline early monday morning. a communications link between the two countries militaries has been restored. north korean leader kim jong-un ....

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Transcripts for CNN CNN Newsroom Live 20211004 07:39:00

Analyzed? yeah. i mean, it depends. so these companies that offer shell companies and so forth, they reside in jurisdictions where they are abiding by the laws of, say, the british virgin islands or cypress or other places around the world and you re right to point out that there s not anything necessarily illegal about that but it does create a lot of problems. it leads to tax evasion. these off shore systems are often exploited by criminals to hide ill gotten gains, corrupt politicians and just and as you put it at the top of the show, i mean, just the very, very wealthy in moving money and hiding money in ways that the rest of us simply can t or don t tend to do. according to the washington post, quote, off shore firms ....

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