Skip to main content
The Kleptocracy Curse: Rethinking Containment
(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

Trump’s Next Big Deal?

Michael Pillsbury

In an interview with Lou Dobbs on Fox Business, Michael Pillsbury discusses the potential trilateral nuclear deal Trump could secure with China and Ru...

Watch Now

Britain Moving Forward: A Conversation with UK Parliament Member Tom Tugendhat on the UK Election

Ben Judah

Britain's position in the world and British foreign policy since the referendum...

Continue Reading

How the Murder of a Journalist in Malta Exposed Europe’s Corruption Problem

Nate Sibley

Investigative journalist "Daphne Caruana Galizia()":https://daphnecaruanagalizia.com/ spent her career cataloguing what she believed to be endemic cor...

Continue Reading