Skip to main content
(Alex Williamson/Getty Images)

The Kleptocracy Curse: Rethinking Containment

Ben Judah

Preface
The United States needs to start paying attention to what has happened to the world economy. Gigantic sums of money are now traveling the world incognito. This has turned globalization into the golden age of money laundering. Nestling in Western economies are offshore financial structures (and their professional enablers) which allow funds to instantaneously and anonymously jump between countries, empowering authoritarians and corrupting Western institutions. This now presents a growing national security threat.

Across the world, money laundering on an epidemic scale is undermining American foreign policy: crippling development, threatening democracy, damaging Western soft power and fueling state collapse. Across the West, this staggering flow of illicit funds has turned authoritarian kleptocrats into powerful players increasingly able to wield power inside Western institutions and game them to their own ends. There is only one way to block the illicit flows that empower kleptocrats and undermine democracy: Ending anonymous shell companies must become a national security priority for the U.S.

View PDF

Related Articles

What the Syria Strikes Mean

Walter Russell Mead et al.

A strong message was sent to Xi and Putin—in that order....

Continue Reading

Independent, Liberal Universities Under Attack in Eastern Europe

Hannah Thoburn

Governments in Russia and Hungary threaten to close two independent universities. Western leaders should stand up and speak out....

Continue Reading

U.S. and Turkey Headed for Showdown

Eric B. Brown

A scenario President Harry S. Truman once feared -- the fall of Turkey to tyranny and outside coercion -- seems near...

Continue Reading