Kleptocracy Weekly: May 8-12

The latest on KI’s website: Hungary’s descent into cronyism under Victor Orban.



  • In a Beijing ballroom, the Kushner family pushed a $500,000 ‘investor visa’ to wealthy Chinese–the tagline on a brochure for the event: “Invest $500,000 and immigrate to the United States.
  • The increased risk of regulatory enforcement, including anti-money laundering enforcement actions, has pushed Western banks to cut back on so-called correspondent banking relationships, in which they rely on foreign institutions to handle transactions on their behalf, leaving room for banks in the East–particularly in China–to fill in the gap.