Luanda Leaks: Isabel dos Santos and her Cape Verde banking paradise

Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute think tank, said: “A PEP owning a bank in a weakly regulated jurisdiction like Cape Verde represents the perfect combination for a potential risk of facilitating money laundering.”He added: “A weak actor like Cape Verde offering international banking services represents a systemic vulnerability for the global financial system.”