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

Bebidas Peligrosas

Jaime Daremblum

Criticar al régimen de Vladimir Putin es una actividad riesgosa en Moscú o en cualquier otra ciudad rusa. De hecho, podría serlo aun fuera de Rusia...

Continue Reading

Russian Dissidents at Risk

David Satter

David Satter on President Trump’s dangerous praise for Vladimir Putin. ...

Watch Now

Trump Gives a Boost to Putin's Propaganda

David Satter

The president’s line that the U.S. also has ‘killers’ will be used to justify still more Russian murders....

Continue Reading