On April 14, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued advisory FIN-2022-A001 on Kleptocracy and Foreign Public Corruption urging financial institutions “to focus efforts on detecting the proceeds of foreign public corruption, a priority for the U.S.… Continue Reading
Posts Tagged: Kleptocrats
Someone recently told me that it was more important “optically” to prosecute corruption than to focus on recovering assets. Yet history tells us that prosecutions for kleptocracy are rare. And even when convictions happen, the merry-go-round of politicians prosecuted for graft, only to be released after the next elections, is nothing short of a tragic comedy.… Continue Reading
The George Washington University Law School is hosting a one-day conference called Combating Impunity: Targeting Kleptocrats and their Assets.
Co-hosting the event are the Organization for Economic Co-Operation and Development (OECD) and the American Society of International Law (ASIL).… Continue Reading
Corruption, we often hear, “undermines democratic institutions.” That’s a sterilized phrase. What does it really mean?
Start with a legitimately elected leader. If he’s weak and greedy — as many people are — he takes a few small bribes in return for helping cronies game the system.… Continue Reading
Using hidden cameras, the “documentary” has the feel of a law enforcement sting.… Continue Reading