NEW: For years, U.S. lawyers have played key roles in kleptocratic networks, and yet escaped both scrutiny and regulations.
@CooleyOnEurasia and I looked at what effect this has had—and what can be done: foreignpolicy.com/2021/03/23/u-s…
@CooleyOnEurasia and I looked at what effect this has had—and what can be done: foreignpolicy.com/2021/03/23/u-s…
One way to highlight just how useful U.S. lawyers are for kleptocrats:
Look at how many fewer anti-money laundering regulations U.S. lawyers face compared to European counterparts.
foreignpolicy.com/2021/03/23/u-s…
Look at how many fewer anti-money laundering regulations U.S. lawyers face compared to European counterparts.
foreignpolicy.com/2021/03/23/u-s…
When it comes to anti-money laundering efforts, lobbyists for the U.S. legal sector constantly cite one solution: self-regulation.
But as one Georgetown paper last year found, there's "no evidence" U.S. lawyers have a good grasp on money laundering vulnerabilities.
But as one Georgetown paper last year found, there's "no evidence" U.S. lawyers have a good grasp on money laundering vulnerabilities.
We've known about how US lawyers play key roles in kleptocratic networks for *years*. A few years ago, US lawyers were caught on tape advising a fake client how to hide money in the US.
The kicker? One was the head of the American Bar Association.
foreignpolicy.com/2021/03/23/u-s…
The kicker? One was the head of the American Bar Association.
foreignpolicy.com/2021/03/23/u-s…
And the services U.S. law firms offer to foreign regimes appears to be expanding, as the case of Yanukovych illustrates:
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