A new directive released Thursday by President Joe Biden instructed U.S. federal agencies to make combating corruption a national security interest.

“My administration will lead efforts to promote good governance; bring transparency to the United States and global financial systems; prevent and combat corruption at home and abroad; and make it increasingly difficult for corrupt actors to shield their activities,” Biden stated in the memo. The memo calls for an interagency review process and development of a presidential strategy that will, when implemented, “significantly bolster” the U.S. government’s anti-corruption efforts.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...