Last week, the Biden Administration unveiled a sweeping “whole-of-government approach” to combating corruption. Identifying corruption as a “cancer within the body of societies a.
On December 6, 2021, the White House issued the "United States Strategy on Countering Corruption" (the "Strategy Document") and accompanying fact sheet.
Biden administration: Strategy on Countering Corruption: detailed guidance on how the administration plans to fund, implement and enforce US President Joe Biden’s Anti-Corruption Initiative, enhance and enforce anti-money laundering AML laws, provide assistance to foreign governments
On December 6, 2021, the Biden administration unveiled its “Strategy on Countering Corruption” (Strategy), which includes far more detailed guidance on how the administration plans to.
The DOJ has also expanded subpoena power for certain financial records maintained abroad while imposing new disclosure requirements for beneficial ownership information.