Editorial Board

Biden’s Baby Steps on Dirty Money

The administration is moving in the right direction, but the U.S. is still a haven for ill-gotten gains.

December 17, 2021 at 1:00 PM UTC

By The Editorial Board

The Editorial Board publishes the views of the editors across a range of national and global affairs.

Switzerland on the Big Sioux.
Photographer: Dan Brouillette/Bloomberg

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President Joe Biden’s administration has a message for the world: After many years of inaction, the U.S. is finally ready to do its part in the global fight against tax evasion, money laundering and terrorist financing.

The sentiment is welcome, but a lot more action is needed.