the formal empire did not quite disappear; fourteen small island states decided not to seek independence, becoming British Overseas Territories, with the Queen as their head of state. Exactly half of them – Anguilla, Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Montserrat and the Turks and Caicos islands, are secrecy jurisdictions, actively supported and managed from Britain and intimately linked with the City of London.
