Treasury's Role in Confronting Kleptocracy
Bribe, Swindle or Steal
Alexandra Addison-Wrage of TRACE International
4.9 • 582 Ratings
🗓️ 2 June 2021
⏱️ 19 minutes
🧾️ Download transcript
Summary
Josh Rudolph at the Alliance for Securing Democracy at the German Marshall Fund discusses how we should approach corruption and kleptocracy from a policy perspective and why Treasury needs to 'get with the program.'
Episode resources:
- Mentioned at (00:41): The Fight Against Corruption Needs Economists, by Josh Rudolph, Foreign Affairs, 17 May 2021
- Mentioned at (03:06): Investment Funds: Massive Transparency Loopholes with Josh Kirschenbaum, senior fellow at the German Marshall Fund's Alliance for Securing Democracy, Bribe, Swindle or Steal, 21 April 2021
- Mentioned at (04:46): Treasury's War on Corruption: A U.S. Treasury Department Strategy to Fight Kleptocracy and Root Dirty Money Out of the U.S. Financial System, by Josh Rudolph, Alliance for Securing Democracy at the German Marshall Fund of the United States, 22 December 2020
- Mentioned at (10:37): Letter from Sen. Whitehouse and Rep. Malinowski to Secretary Janet Yellen, 3 May 2021
- Josh's latest report: Coordinating the War on Corruption: An Administrative Plan for the White House to Combat Corruption and Kleptocracy, by Josh Rudolph, Alliance for Securing Democracy at the German Marshall Fund of the United States, 17 May 2021
Transcript
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| 0:00.0 | Welcome back to the podcast, bribe, swindle, or steel. I'm Alexandra Ragi. We're speaking today about |
| 0:11.8 | how to approach corruption and kleptocracy from a policy perspective. My guest is Josh Rudolph. |
| 0:18.0 | Josh is the fellow from Align Finance of the Alliance for Securing Democracy |
| 0:21.8 | at the German Marshall Fund. He's a widely published expert on the financial channels that |
| 0:26.5 | enable autocratic efforts to undermine and interfere in democratic institutions. Josh, |
| 0:32.6 | thank you for joining me. Thanks for having me, Alexandra. I'm a longtime listenertime listener, first-time call us, so it's an honor |
| 0:38.4 | for me. Thank you. You recently wrote in foreign affairs that, and I'll quote, |
| 0:43.7 | if Biden wants to make progress against corruption, he needs to push his Treasury Department to get |
| 0:49.2 | with the program. Is it your sense that Biden is going to prioritize anti-corruption? |
| 0:54.7 | I think we've already seen some of that, but do you expect that to continue to increase? |
| 1:00.2 | And what about, and this is going to get to the crux of the matter, the role of Treasury? |
| 1:05.0 | We have seen some. |
| 1:06.2 | And I mean, we started to see Biden's priority around this as a candidate more than a year ago |
| 1:13.0 | when he had his foreign affairs piece that set out his agenda or the broad strokes of it, |
| 1:20.5 | the three areas for the summit for democracy that he will be hosting within his first year |
| 1:25.2 | in office. |
| 1:25.9 | And anti-corruption is one of the three pillars |
| 1:28.4 | and maybe even the most important because the one that he said, you know, the U.S. deliverable |
| 1:32.3 | is going to be a presidential policy directive signaling the importance of it as a national |
| 1:37.5 | security matter and democratic responsibility. He gets it deep in his bones the importance of this issue. |
| 1:44.5 | These are my views alone, but I can say having worked with him in the Obama White House on international economics, especially around Ukraine, |
| 1:50.0 | he knows more than any other American political figure about how important this is. |
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