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trust industry, said Ian Gary, executive director of the nonpartisan Financial Accountability and Corporate Transparency Coalition. The plan, if properly backed by money and other resources, would bring badly needed reforms to industries open to exploitation, including the growing U.S. “Spanning dirty money, diplomacy, foreign aid, accountability, and more … the only historic comparison is all the legislation enacted after Watergate, but with that not possible in today’s Senate and the threat now transnational, Biden is combating corruption even more sweepingly through executive action as a national security imperative,” he said. The so-called United States Strategy on Countering Corruption, announced by the White House Monday, represents the “most sweeping anti-corruption reform drive in American history,” said Josh Rudolph, a member of the National Security Council staff in the Obama and Trump administrations. The plan includes a call for greater diplomatic efforts to defend investigative journalists who expose corruption. efforts to partner with anti-money laundering regimes in other countries. The administration has also promised to ramp up anti-corruption investigations at the Treasury Department and other federal agencies and elevate U.S. President Joe Biden has introduced sweeping new strategies to fight financial corruption, pledging a government-wide campaign to identify and punish bad actors who move illicit wealth in the United States and around the world.Ĭalling the effort a core national security interest, the administration said it would work with Congress to bring more scrutiny to trust companies, lawyers and other financial gatekeepers, seek to identify owners “hiding behind opaque” corporations and target those involved in real estate transactions used to hide or launder money.