President Joe Biden’s sweeping anti-corruption initiative unveiled Monday includes developments in two key areas of interest for the compliance profession.
The initiative, called the “United States Strategy on Countering Corruption,” reinforced Biden’s previous policy position that combating corruption is “a core national security interest of the United States” that is as much about protecting the U.S. financial system from the harm caused by corruption as it is about promoting similar anti-corruption efforts with like-minded foreign governments, civil society, and private industry.
