In January, the Hudson Institute published this paper which is said to offer a forceful argument for taking important steps to stem the flow of money into the hands of kleptocrats. For the sake of America’s reputation abroad and Americans’ well-being at home, it says it cannot be complacent as the threat of kleptocracy looms. The paper proposes a number of steps that could be taken – the first step being to create a register of corporate beneficial ownership – something that the US has started to do. it calls for making professional enablers of transnational corruption accountable, tackling trade-based money laundering and removing tax incentives for kleptocrats. One also needs to require kleptocrats to account for unexplained wealth.
https://s3.amazonaws.com/media.hudson.org/Countering%20Global%20Kleptocracy%20(002).pdf
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