The administration of US President Joe Biden

Joe Biden (Joseph Robin Biden) is an American politician. corruption, which he is trying to promote at the US Summit on Democracy, officials were quoted as saying by Reuters.

In June, Biden ordered officials to develop policies to thwart illegal activities.

Their initial proposals were outlined in the 38 pages of the US National Security Strategy to Combat Corruption, released today.

The US Treasury Department has said it is developing new rules to make it easier to identify who is behind the cash transactions to buy real estate and track whether those purchases are being used to cover up illegal income.

"The ability of illegal perpetrators to launder criminally acquired funds through the purchase of real estate threatens US national security and the integrity of the US financial system," the ministry said.

Biden will warn Putin about Ukraine during the talks

The finance ministry may also require more investment funds, such as hedge funds and private equity funds, to make efforts to combat money laundering.

It is expected that perhaps this week it will announce new efforts to create a database with information identifying the owners of companies that exist only on documents and are used for anonymous money transfers.

The move comes after a series of documents, including the publication of the Pandora's Dossier in October, raised questions about ways in which government officials and others were discreetly moving money abroad, potentially to avoid tax evasion or avoidance. liability for wrongful acts.

Biden will host a virtual summit on Thursday and Friday, attended by representatives of 110 countries, and will be part of efforts to oppose authoritarian forces, which he said are led by China and Russia, BTA reported.

Joe Biden

fight against corruption

USA