Kleptocracy Daily – July 14, 2016

Adam Szubin, a senior U.S. Treasury official, has openly called on Congress to address the endemic use of shell companies to facilitate money laundering and terrorist financing.

Putin has told his siloviki to become more self sufficient – in other words, shake down more businesses.

New international regulations from the world’s central banks are intended to improve anti-money laundering checks in cross-border banking.

A lack of international focus on  countries like Moldova allows Kremlin influence and corruption to thrive

In Singapore, tough measures have been announced against financial institutions that fail to control money-laundering

Hong Kong property mogul Thomas Kwok Ping-Kwong was released on $1.3 million bail on charges of bribing the city’s chief secretary in 2014.

China’s state-owned enterprises have been ordered to invest in Australian property.