For @TheProspect, I wrote about the legacy of Sen. Carl Levin—a man ahead of his time, who could see how kleptocracy would rise, and who helped pass the most important anti-money laundering legislation the U.S. has ever seen. prospect.org/power/the-inve…
One of the most impressive element of Sen. Levin's career was just how much *foresight* he had.
Few politicians had a better grasp on the rising world of offshoring and financial secrecy—and those links to authoritarianism—than Levin.
Few politicians had a better grasp on the rising world of offshoring and financial secrecy—and those links to authoritarianism—than Levin.
And Levin knew what to do about it, and about the Americans helping all this dirty money cross international borders.
There's a reason he was one of the first legislators to push for banning anonymous shell companies—all the way back during the George W. Bush administration.
There's a reason he was one of the first legislators to push for banning anonymous shell companies—all the way back during the George W. Bush administration.
It's **insane** how much dirty money and foreign corruption American banks could process during the 1990s. Like the Wild West back then.
But then Levin came along—and led the passage of the greatest anti-money laundering legislation in American, and potentially global, history.
But then Levin came along—and led the passage of the greatest anti-money laundering legislation in American, and potentially global, history.
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