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

Russia Has Already Won Britain’s Election

Ben Judah

Standing up to Vladimir Putin is nobody’s priority....

Continue Reading

China Is Europe's Problem Too

Walter Russell Mead

Only the trans-Atlantic alliance can counter Beijing’s moves in the Pacific....

Continue Reading

Delivering Justice for Victims of Kleptocracy

Nate Sibley

While serving as Treasurer of Venezuela, Alejandro Andrade supplemented his official salary by demanding bribes in return for access to the country’s ...

Continue Reading