Over the past year, an extraordinary burst of anti-kleptocracy legislation—much of it intended to counter Russian influence—has taken aim at the tools and tactics of foreign criminals looking to move money through the United States. These bills, which enjoy bipartisan support, aim to shore up America’s moral high-ground against the forces of kleptocracy. Such measures are long overdue. For years, America has acted as arguably the world’s greatest offshore haven. Anonymous shell companies, creating entire industries in states like Nevada and Wyoming, have blossomed, while oligarchs and arms-traffickers continue to take advantage of supposedly “temporary” loopholes—now nearly two decades old—in …read more
Source:: The American Interest
