Corruption is not a victimless crime. It is not an abstraction confined to bad actors in distant governments or kleptocratic regimes we read about in Foreign Affairs. It is a pernicious, systemic force that imposes a brutal and largely invisible tax on every citizen — on the price of medicine, the quality of roads, the fairness of a business license application, and the prospects of...

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” — Mark Twain One of the biggest mistakes multinational companies make is assuming that U.S. and UK sanctions compliance are essentially the same. They’re not. Last week’s joint guidance issued by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and the UK’s...

“However beautiful the strategy, you should occasionally look at the results.” — Winston Churchill For years, multinational companies have been hyper-focused on OFAC sanctions compliance. The UK sanctions regime was relatively quiet in impact until the global Russian sanctions hit. Now, the world has changed in many respects in the sanctions arena. Last week, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and...

This Fourth of July is unlike any other. Two hundred and fifty years ago, a group of determined individuals gathered in Philadelphia and declared their independence, committing to a set of ideals that continue to define our nation: liberty, equality, and justice under the rule of law. As we celebrate America’s Semiquincentennial, it is worth pausing to reflect on what this milestone represents. Our nation’s...