United States: Biden administration unveils new strategy to counter corruption

The Biden administration on Monday announced a new strategy to counter corruption and illicit finance, as well as new steps from the Treasury Department to tackle how illegal actors abuse the real estate market in the United States to hide their wealth.

This week, the Treasury Department will also announce new sanctions against corrupt individuals and those who are committing human rights abuses or undermining democracy, according to a senior administration official. The official did not provide specifics on who will face sanctions.
The announcement comes ahead of President Joe Biden’s Summit for Democracy later this week. The summit will be a virtual gathering of leaders from government, civil society and the private sector and will focus on combating corruption, defending against authoritarianism and promoting human rights.
This article was originally posted on cnn.com

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