In a far-reaching action, the Biden Administration elevated the global fight against corruption as a national security interest. In an Executive Memorandum, the Biden Administration made a strong statement against corruption, citing the devastating impact that corruption has on democratic institutions, democratic governments, economic development, and other public interest objectives. The Administration launched a robust inter-agency review of the anti-corruption battle, including increased international cooperation, anti-money laundering enforcement, increased support of the Anti-Kleptocracy Initiative, and increased focus on beneficial ownership.

In this Episode, Michael Volkov reviews the Biden Administration’s anti-corruption initiative.