Kleptocracy Daily: September 30, 2016


The U.S. Federal Reserve has given the Agricultural Bank of China 60 days to overhaul its money laundering safeguards. Chinese companies may be helping North Korea to evade U.S. sanctions. (Bloomberg, Forbes)

China sentenced two former big city party leaders to prison for graft. Corruption is undermining Beijing’s attempts to address industrial overcapacity. (WSJ)

Journalists who helped uncover Russia’s involvement in the downing of flight MH17 faced harassment and hacking attempts. (WaPo)

Azerbaijan’s ruling regime diverts attention from its corruption and human rights abuses through intense lobbying and “caviar diplomacy.” (Economist)

Details of hundreds of thousands of offshore accounts will be passed to HM Revenue & Customs today, as part of a transparency drive in UK overseas territories. (Guardian, FT)

Worried about your Swiss bank account being exposed? Stash your wealth in gold vaults hidden deep under the Alps instead. (Bloomberg)

A company controlled by Donald Trump secretly conducted business in Cuba despite U.S. sanctions. (Newsweek)