U.S. President-elect Joe Biden is expected to make a crackdown on illicit finance both at home in the United States and abroad a centerpiece of his administration, a move that could have profound implications for anti-corruption efforts around the globe.
Biden, who as vice president spearheaded the Obama administration’s fight against corruption and kleptocracy, has repeatedly vowed to make it a focus as president. Two years ago, Biden and his former advisor Michael Carpenter warned in Politico about the threat posed by foreign money of unknown origins to the integrity of U.S. elections. He echoed those concerns in a Foreign Affairs essay this spring.
