Keeping Foreign Corruption Out of the United States

Keeping Foreign Corruption Out of the United States

Examines the Obiang case (using U.S. lawyers, real estate and escrow agents, and wire transfer systems to bring suspect funds into the United States), the Bongo case (using lobbyist, family, and U.S. trust accounts to bring suspect funds ...

Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations

Publisher:

ISBN: MINN:31951D031106563

Category: Corruption

Page: 3161

View: 161

Examines the Obiang case (using U.S. lawyers, real estate and escrow agents, and wire transfer systems to bring suspect funds into the United States), the Bongo case (using lobbyist, family, and U.S. trust accounts to bring suspect funds into the United States), the Abubakar case (using offshore companies to bring suspect funds into the United States) and the Angola case (exploiting poor Politically Exposed Persons (PEP) controls).
Categories: Corruption

Keeping Foreign Corruption Out of the United States

Keeping Foreign Corruption Out of the United States

"This report examines how politically powerful foreign officials, their relatives, and close associates--referred to in international agreements as 'Politically Exposed Persons' or PEPs--have used the services of U.S. professionals and ...

Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations

Publisher:

ISBN: OCLC:516061772

Category: Corruption

Page:

View: 808

"This report examines how politically powerful foreign officials, their relatives, and close associates--referred to in international agreements as 'Politically Exposed Persons' or PEPs--have used the services of U.S. professionals and financial institutions to bring large amounts of suspect funds into the United States to advance their interests"--Minority and majority staff report, p. 1.
Categories: Corruption

Keeping Foreign Corruption Out of the United States

Keeping Foreign Corruption Out of the United States

Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations

Publisher:

ISBN: OCLC:1239394715

Category:

Page:

View: 397

Categories:

Keeping Foreign Corruption Out of the U S

Keeping Foreign Corruption Out of the U S

Using four cases studies, this book shows how some PEPs have used U.S. lawyers, real estate and escrow agents, lobbyists, bankers, and even university officials, to circumvent U.S. anti-money laundering and anti-corruption safeguards, and ...

Author: Louise M. Petit

Publisher: Nova Science Pub Incorporated

ISBN: 1617280259

Category: Political Science

Page: 371

View: 498

Combating corruption is a key U.S. value and goal, due to its corrosive effects on the rule of law, economic development, and democratic principles. This book examines how politically powerful foreign officials, their relatives, and close associates have used the services of U.S. professionals and financial institutions to bring large amounts of suspect funds into the U.S. to advance their interests. Using four cases studies, this book shows how some PEPs have used U.S. lawyers, real estate and escrow agents, lobbyists, bankers, and even university officials, to circumvent U.S. anti-money laundering and anti-corruption safeguards, and offers recommendations on how to stop the abuse.
Categories: Political Science

Keeping Foreign Corruption Out of the United States

Keeping Foreign Corruption Out of the United States

Author:

Publisher:

ISBN: OCLC:664263007

Category: Corruption

Page: 3161

View: 762

Examines the Obiang case (using U.S. lawyers, real estate and escrow agents, and wire transfer systems to bring suspect funds into the United States), the Bongo case (using lobbyist, family, and U.S. trust accounts to bring suspect funds into the United States), the Abubakar case (using offshore companies to bring suspect funds into the United States) and the Angola case (exploiting poor Politically Exposed Persons (PEP) controls).
Categories: Corruption

The Despot s Guide to Wealth Management

The Despot s Guide to Wealth Management

US Senate Permanent Subcommittee on Investigations, Keeping Foreign Corruption Out of the United States: Four Case Histories (Washington, D.C., 2010), 14. 57. Author's interviews: international bank, Singapore, October 20, 2009; ...

Author: J. C. Sharman

Publisher: Cornell University Press

ISBN: 9781501708435

Category: Political Science

Page: 274

View: 823

An unprecedented new international moral and legal rule forbids one state from hosting money stolen by the leaders of another state. The aim is to counter grand corruption or kleptocracy ("rule by thieves"), when leaders of poorer countries—such as Marcos in the Philippines, Mobutu in the Congo, and more recently those overthrown in revolutions in the Arab world and Ukraine—loot billions of dollars at the expense of their own citizens. This money tends to end up hosted in rich countries. These host states now have a duty to block, trace, freeze, and seize these illicit funds and hand them back to the countries from which they were stolen. In The Despot's Guide to Wealth Management, J. C. Sharman asks how this anti-kleptocracy regime came about, how well it is working, and how it could work better. Although there have been some real achievements, the international campaign against grand corruption has run into major obstacles. The vested interests of banks, lawyers, and even law enforcement often favor turning a blind eye to foreign corruption proceeds. Recovering and returning looted assets is a long, complicated, and expensive process. Sharman used a private investigator, participated in and observed anti-corruption policy, and conducted more than a hundred interviews with key players. He also draws on various journalistic exposés, whistle-blower accounts, and government investigations to inform his comparison of the anti-kleptocracy records of the United States, Britain, Switzerland, and Australia. Sharman calls for better policing, preventative measures, and use of gatekeepers like bankers, lawyers, and real estate agents. He also recommends giving nongovernmental organizations and for-profit firms more scope to independently investigate corruption and seize stolen assets.
Categories: Political Science

Corruption and Targeted Sanctions

Corruption and Targeted Sanctions

See also US Senate, Committee on Homeland Security and Governmental Affairs, Permanent Subcommittee on Investigations, Keeping Foreign Corruption out of the United States: Four Case Histories (US Senate 2010); Transparency International ...

Author: Anton Moiseienko

Publisher: BRILL

ISBN: 9789004390478

Category: Law

Page: 338

View: 927

In Corruption and Targeted Sanctions, Anton Moiseienko analyses the blacklisting of foreigners suspected of corruption and the prohibition of their entry into the sanctioning state from an international law perspective. The implications of such actions have gained prominence with the increased adoption of the so-called Magnitsky legislation internationally.
Categories: Law

American Kleptocracy

American Kleptocracy

How the U.S. Created the World's Greatest Money Laundering Scheme in History Casey Michel. CHAPTER 8 : FISH PHYSICIAN W. on 7. ... “ Keeping Foreign Corruption out of the United States : Four Case Histories . ” 16.

Author: Casey Michel

Publisher: St. Martin's Press

ISBN: 9781250274533

Category: Business & Economics

Page: 320

View: 475

A remarkable debut by one of America's premier young reporters on financial corruption, Casey Michel's American Kleptocracy offers an explosive investigation into how the United States of America built the largest illicit offshore finance system the world has ever known. "An indefatigable young American journalist who has virtually cornered the international kleptocracy beat on the US end of the black aquifer." —The Los Angeles Review of Books For years, one country has acted as the greatest offshore haven in the world, attracting hundreds of billions of dollars in illicit finance tied directly to corrupt regimes, extremist networks, and the worst the world has to offer. But it hasn’t been the sand-splattered Caribbean islands, or even traditional financial secrecy havens like Switzerland or Panama, that have come to dominate the offshoring world. Instead, the country profiting the most also happens to be the one that still claims to be the moral leader of the free world, and the one that claims to be leading the fight against the crooked and the corrupt: the USA. American Kleptocracy examines just how the United States’ implosion into a center of global offshoring took place: how states like Delaware and Nevada perfected the art of the anonymous shell company, and how post-9/11 reformers watched their success usher in a new flood of illicit finance directly into the U.S.; how African despots and post-Soviet oligarchs came to dominate American coastlines, American industries, and entire cities and small towns across the American Midwest; how Nazi-era lobbyists birthed an entire industry of spin-men whitewashing trans-national crooks and despots, and how dirty money has now begun infiltrating America's universities and think tanks and cultural centers; and how those on the front-line are trying to restore America's legacy of anti-corruption leadership—and finally end this reign of American kleptocracy.
Categories: Business & Economics