illicit finance
18 Articles

Rethinking Risk: Reducing Harm to Nonprofits in the Push to Counter Terrorism Financing
After years of detrimental side effects from the Financial Action Task Force's power, a course correction is overdue.

Baby on Board! How Kleptocrats and Associates Use Family Members to Evade Sanctions
In many countries, it is possible for young children -- even babies -- to be corporate shareholders, offering a workaround for their parents.

Two Experts Debate the Path Forward on Sudan
EJ Hogendoorn and John Prendergast are two leading experts on the conflict in Sudan, but they have different views on the way forward. The dialogue below highlights their ideas…

To End War in Sudan, Target the Generals’ War Chests
Only when the parties see that their financial interests are in jeopardy will they be willing to seriously negotiate.

How Strengthening the Corporate Transparency Act Can Help the IRS Follow the Money
Stronger tools are needed for regulators to identify the true owners of financial holdings.

Real Anti-Corruption Reform Requires a Role for Civil Society
A public beneficial ownership registry, accessible to civil society and journalists, is integral to anti-corruption efforts.

How American Kleptocracy Works
Review: Casey Michel's book, “American Kleptocracy,” tells the tale of US financial secrecy via two of the world’s great kleptocrats.

Closing Pandora’s Box
Congress and the Treasury Department must curb law firms, financial advisors, and others implicated in the Pandora Papers secrecy gambits.

To Thwart the Illegal Narcotics Trade, Expose the Dark Economy
Senator Sheldon Whitehouse on the need to combat drug trafficking and corruption by confronting the powerful economics that drive them.

Corruption Is a National Security Threat. The CROOK Act Is a Smart Way to Fight It.
A surcharge on entities liable under the Foreign Corrupt Practices Act could advance good governance abroad and help create a more stable world.

Manafort and His Ukraine Patron: “FinCEN Files” Further Illustrate Gaping Holes in Oversight
Leaked documents in a global news investigation reveal suspicious transactions and business practices that undermine US interests.

Ten Quick Takeaways from the New York Times’ Bombshell Article on Trump’s Tax Returns
One of the country's most eminent tax law experts analyzes the information provided by the New York Times.