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Bribe, Swindle or Steal

The CROOK Act: Tackling Demand-Side Bribery

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

News, Business, Business News

4.9582 Ratings

🗓️ 20 May 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

Abigail Bellows with the Carnegie Endowment for International Peace describes how a $5 million surcharge could be levied on FCPA enforcement actions and then deployed quickly to support incipient anti-corruption efforts worldwide. This would address, in part, concerns that the victims of corruption rarely benefit from the substantial sums involved in settlements.

Transcript

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0:00.0

Welcome back to the podcast, bribes, windle, or steel.

0:09.2

I'm Alexandra Rogge.

0:10.5

Today we're talking about the Crook Act.

0:12.5

That's the Countering Russian and Other Overseas Hleptocracy Act,

0:16.3

a bipartisan initiative that would create a fund to address corruption overseas.

0:21.0

This idea originated back in 2018 with today's guest, Abigail Bellows.

0:25.8

For purposes of today's podcast, Abigail is a non-resident scholar at the Carnegie Endowment

0:30.4

for International Peace, but she is also an independent consultant on governance, civil

0:34.9

society, and foreign policy topics.

0:38.6

Prior to her current role,

0:43.7

she served her five years at the U.S. Department of State, where she designed and led the anti-corruption portfolio in the office of the Undersecretary for Civilian Security, Democracy, and Human Rights.

0:49.9

Abigail, thank you for joining me today. Pleasure to be here. You are doing really good, smart work in this field, and this is your brain child.

0:57.9

So why don't you walk us through the original idea and then where things stand now, two years later?

1:05.3

Over the past several years, there's been a rise in public mobilization on corruption issues.

1:12.3

And that's likely to pick up again as the lockdowns ease and the scale of diversion in some countries from the pandemic comes to light.

1:18.6

Across the world, we're seeing citizens challenging and renegotiating social contracts that are built

1:24.4

on stealing public funds. So just as an example of the kind of scale of that

1:29.3

civic mobilization, in the past three years alone, corruption scandals have sparked mass protest in 32

1:36.0

countries. So this is a pretty widespread phenomenon. And sometimes these civic mobilizations

1:42.3

lead to political transitions, such as in Guatemala in 2015

1:46.5

or Armenia in 2018.

1:48.9

Around the world, we've seen 10% of countries experience corruption-fueled political change

...

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