New from KI
- Charles Davidson, KI’s Executive Director, will testify at the House Foreign Affairs Subcommittee on Europe, Eurasia, and Emerging Threats, on the topic “Corruption: A Danger to Democracy in Europe and Eurasia.” Watch live from 10:00 a.m. tomorrow.
- Global Financial Integrity found that developing countries lost $16.3 trillion in unrecorded financial flows since 1980, making them net creditors to the global economy.
- Torture in secret prisons: CNN looks at the dark side of Xi’s anti-corruption campaign.
- A “Magnitsky” amendment to the UK’s Criminal Finances Bill would enable asset seizures against human rights abusers. (Guardian)
- Transparency International found that 44,022 London properties are owned by foreign anonymous companies, 91 percent of which were based in secrecy jurisdictions. (TI)
- A prestigious UK bank offered offshore services to a Brunei prince accused of stealing from his country. (Guardian)
- Credit Suisse has been fined $16.5 million for ineffective money laundering safeguards. (Reuters)
- Latvian police continue their investigation of PrivatBank for possible money laundering. (Baltic Times)
- Russia is trying to speed up privatizations, despite Western sanctions. (Reuters)
- Panama is struggling to shed its image as a magnet for shady deals. (NYT)
- On December 14, Minxin Pei will join KI and a distinguished panel at Hudson Institute to discuss his new book, China’s Crony Capitalism. Register to attend.