Britain agreed on Tuesday to order its overseas territories such as the Cayman Islands and the British Virgin Islands to make secretive company ownership information public by the end of 2020 to try to tackle corruption and tax avoidance. The move was hailed as a major victory by campaigners in the fight against tax avoidance and money laundering…with campaign groups saying such secrecy aids money laundering, tax evasion and corrupt diversion of public funds from developing economies… Margaret Hodge, the opposition Labour member of parliament who introduced the amendment, said it would help prevent tax evasion and disrupt the activities of criminals and militant groups. “It will stop them exploiting our secret regime, hiding their toxic wealth and laundering money into the legitimate system, often for nefarious purposes,” she said.