The Other Immigration Crisis: KI’s Belinda Li examines how kleptocrats abuse the EB-5 visa program to gain U.S. citizenship and launder stolen cash, and talks to Seto Bagdoyan of the Government Accountability Office about closing the loopholes.
News
- An aide to Donald Trump discussed joint investments with a Russian firm under U.S. sanctions in Davos. (Reuters)
- Arkady Rotenburg’s firm won a $285 million state contract to build a railway to Crimea. (Moscow Times)
- Rosneft chief Igor Sechin travels with a flashing light on his car, despite lacking authorization to do so. (Moscow Times)
- Canada’s new foreign minister rejected a Russian offer to lift her travel ban in exchange for dropping sanctions. (Globe & Mail)
- A Chinese province admitted to falsifying its financial data. (FT)
- Israeli firms are clamping down on corruption to conform to OECD rules. (Haaretz)
- Kazakhstan’s former economy minister was arrested on bribery charges. (Diplomat)
Features
- Illicit financial flows are complicated - we should remember that when discussing aid payments, writes Maya Forstater. (Guardian)
- Hudson Institution’s Hannah Thoburn discussed Russia and China in Latin America at the Wilson Center this morning.
- Dan Hough says structural obstacles preclude successful reform of China’s anti-graft campaign. (SCMP)
- Russia’s conflict with Ukraine is also financial. (Economist)
