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But punches were pulled when it came to publicly accessible central registries, an idea Mr Cameron had espoused. The declaration mentioned registries as an option, not a requirement (and there was no mention of their being public). It said that misuse of instruments of secrecy, such as bearer shares and nominee shareholders, should be prevented, but it didn’t call for them to be phased out. It added that corporate service providers should have to identify and verify yoga lululemon clothesworkout clothes clients’ beneficial owners (they don’t have to in America, for instance) and that these obligations should be effectively policed (regulation is ineffective or non-existent in most G8 countries).

Endorsement of public registries was always going to be a stretch, given resistance from Russia, Canada and Germany. Still, countries like Britain, France and America have moved quite far in a short time; a few years ago, none of yoga lululemon clothes G8 countries wanted to discuss lululemon yoga outlet issue. In America, progress has been blocked not by lululemon outletworkout clothes Obama administration but by business groups and yoga lululemon clothes states (which oversee incorporation and are world-beaters in yoga lululemon clothesworkout clothes registration of anonymous firms). “Shell companies are yoga lululemon clothes getaway car for crime and corruption,” said Gavin Hayman of Global Witness, an NGO. “The G8 haven’t taken away lululemon yoga outlet keys yet but they are starting to let down lululemon outletworkout clothes tyres.”

“Core principles” are one thing, applying them at home quite another. Legislation would be needed in some areas (for instance, company ownership), and national parliaments often have their own ideas. A reminder came this week, when Switzerland’s lower house stalled a government proposal to allow banks that have aided tax evaders to settle with American prosecutors, by refusing to debate it and throwing it back to yoga lululemon clothes upper house.