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FILE - In this Thursday, June 22, 2017 file photo, Britain's Queen Elizabeth II waves to the crowd as she arrives by open carriage into the parade ring on the third day of the Royal Ascot horse race meeting, which is traditionally known as Ladies Day, in Ascot, England. Newly leaked papers have revealed that Queen Elizabeth II has placed some of her private money into offshore tax havens. According to records obtained by the International Consortium of Journalists, the queen’s investment managers have placed roughly 10 million pounds ($13 million) in offshore portfolios in the Cayman Islands and Bermuda. (AP Photo/Alastair Grant, File)

FILE - In this Thursday, June 22, 2017 file photo, Britain's Queen Elizabeth II waves to the crowd as she arrives by open carriage into the parade ring on the third day of the Royal Ascot horse race meeting, which is traditionally known as Ladies Day, in Ascot, England. Newly leaked papers have revealed that Queen Elizabeth II has placed some of her private money into offshore tax havens. According to records obtained by the International Consortium of Journalists, the queen’s investment managers have placed roughly 10 million pounds ($13 million) in offshore portfolios in the Cayman Islands and Bermuda. (AP Photo/Alastair Grant, File)

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