Expectations remain high for Biden administration's fight against corruption

With a new administration in the White House, all those in favor of greater transparency are expecting greater strides to be made in the anti-corruption effort. In spring 2020, then-US presidential candidate Joe Biden noted it would be a top priority once he became president: “I will lead efforts internationally to bring transparency to the global financial system, go after illicit tax havens, seize stolen assets, and make it more difficult for leaders who steal from their people to hide behind anonymous front companies.”[1] In the first month of 2021, the first big step—passing the Corporate Transparency Act and making the creation of shell companies much more difficult to accomplish—was made, but there’s more work to be done.

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