In a move long expected by this firm and other experts in this area, on 3 June 2021, the Biden administration issued a policy statement tethering global anti-corruption efforts as vital to the country’s national security interests.
Biden Administration has issued the National Security Study Memorandum NSSM to crack down on tax havens and corrupt schemes used to conceal assets and true ownership, directs US efforts for proactive disclosure by shell companies of their true owners.
Agenda Highlights Intersection of National Security, Corruption and Anti-Money Laundering - On June 3, 2021, President Biden unveiled a National Security Study Memorandum.
On June 3, 2021, President Biden issued the first National Security Study Memorandum of his presidency, in which he declared fighting corruption “a core United States national security.