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(Credit: Bill Diodato, The Image Bank)
(Credit: Bill Diodato, The Image Bank)

Money Laundering for 21st Century Authoritarianism December 1st Event

U.S. anti-money laundering regulations are outdated and ill-equipped to counter emerging threats in the globalized financial system. For the most part, they do not apply to key segments of the economy including law, incorporation services, and real estate, creating loopholes for unscrupulous professionals to help launder the illicit funds of kleptocrats and other criminals.

To the detriment of U.S. foreign policy, these gaps have enabled kleptocracy and in turn, strengthened authoritarianism, state failure, civil unrest, and social degradation across the world. Money Laundering for 21st Century Authoritarianism, a new report from Hudson Institute’s Kleptocracy Initiative, investigates the inner workings of a shadowy financial system that is outstripping U.S. law enforcement and provides a call to action against a grave threat.

On December 1, Hudson Institute hosted a discussion with Ben Judah, co-author of the report, Raymond Baker of Global Financial Integrity, Charles Davidson of Hudson Institute’s Kleptocracy Initiative, Gary Kalman of the Financial Accountability and Corporate Transparency Coalition, and Brady Jay Olson of the FBI’s Transnational Organized Crime Section.

Speakers

Charles Davidson Moderator

Executive Director, Kleptocracy Initiative, Hudson Institute

Ben Judah Speaker

Research Fellow, Hudson Institute

Raymond Baker Respondent

President, Global Financial Integrity and author of Capitalism’s Achilles Heel: Dirty Money and How to Renew the Free-Market System

Gary Kalman Panelist

Executive Director, Financial Accountability and Corporate Transparency Coalition

Brady Jay Olson Panelist

Supervisory Special Agent, Transnational Organized Crime Section, Federal Bureau of Investigation

Hudson Experts

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