In 2009, Sergei Magnitsky, a Russian lawyer for Hermitage Capital Management, was tortured and died in a Moscow prison after investigating a $230 million tax fraud committed by corrupt officials. In response to his murder, Congress passed the Magnitsky Act in 2012, sanctioning those responsible for Magnitsky’s death from entering the U.S. or utilizing the U.S. financial system. Three years later, Congress is considering expanding the Magnitsky Act to sanction human rights abusers worldwide (The Global Magnitsky Act).
As the Magnitsky case highlights, agents of grand corruption often count on the Western financial system as a vehicle for legitimizing and protecting their ill-gotten gains. While our financial institutions sometimes welcome the flow of illicit capital, our importance to the global financial system offers us far greater leverage over kleptocratic regimes than is currently acknowledged.
To address the current impetus for expanding the Magnitsky Act, Hudson Institute welcomed Bill Browder, author of Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice.
Please join Ambassador Greer for a fireside chat with Senior Fellow Peter Rough on the Trump administration’s first year back in office and what’s next for US trade policy.
Experts and policymakers will discuss how to close regulatory gaps, improve compliance, and build more resilient and trusted infrastructure.
Join Nina Shea in a discussion with Ethan Gutmann and Congressman Chris Smith, the author of the Stop Forced Organ Harvesting bill.
Join Hudson Institute for a discussion with former US Ambassador to Venezuela James Story to examine recent developments in Venezuela and assess the direction of Washington's strategy.
