, Columnist
Putin's War Shows West Must Clean Up Dirty Money
U.S. leads crackdown on money laundering to squeeze Russian elite.
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President Vladimir Putin’s regime has been accused of corruption for years by campaigners and investigative journalists. The U.S. Treasury said it officially on Monday, directly calling Putin’s regime a kleptocracy.
Putin has given the U.S. and its allies the perfect chance to crack down on the lax practices and loopholes that facilitate corruption and allow dirty money to swill around Europe, the U.S. and elsewhere. President Joe Biden has pledged that his administration would battle money laundering and tax evasion by kleptocrats and criminals, starting in the U.S.