U.S. anti-money laundering regulations are outdated and ill-equipped to counter emerging threats in the globalized financial system.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.
Join Senior Fellow Dr. Rebeccah Heinrichs and Senator Rick Scott (R-FL) for a fireside discussion on how Congress can guide American strategy, the need to modernize the defense industrial base, and the vital role of allies and partners in an unstable international environment.
Join Hudson Institute Senior Fellow Robert McDowell for a discussion of the book and communications law with the authors, Harold Furchtgott-Roth, Kirk Arner, and Arielle Roth.
Please join Congressman Jimmy Panetta (D-CA) and Senior Fellow Ken Moriyasu for a discussion on Central Asia’s economic and strategic significance and why updating US trade policy is key to unlocking the region’s potential in an era of renewed great power competition.
