London risks a split with Washington if it continues to drag its feet on anti-corruption legislation.
The writer is author of ‘American Kleptocracy: How the US Created the World’s Greatest Money Laundering Scheme’
Late last year, amid the broader rhetoric and pledges of the US-led Summit for Democracy, the Biden administration turned to tackling an issue that’s spiked in prominence in the past few years: kleptocracy.
In early December, the White House published a 38-page document on countering corruption, transnational money laundering and the kinds of regimes and oligarchic figures reliant on these financial networks. Months after elevating corruption to a core national security threat, the administration finally revealed the specific steps it would take to combat modern kleptocracy.
