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

Congress Must Step Up Sanctions Game to Play Hardball with Russia

Nate Sibley & Clay Fuller

Sanctions have become the default hammer designed by Congress to fill the void left by the bewildering flattery of Vladimir Putin by President Trump....

Continue Reading

Where is Donald Trump Today?

Peter Rough

On July 27, Peter Rough appeared on Swiss radio network SRF to discuss President Trump, the NATO summit, and the Helsinki conference...

Watch Now

Putin Is Weak. Europe Doesn’t Have to Be

Walter Russell Mead

Moscow is a sideshow. The real dangers come from within the Continent...

Continue Reading