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The FCPA Blog: What Are 10 Red Flags Indicating Possible Kleptocratic or Corrupt Behavior?

Home > Perspectives > The FCPA Blog: What Are 10 Red Flags Indicating Possible Kleptocratic or Corrupt Behavior?

The FCPA Blog features Exiger’s Peter Viksnins and Claudia O’Donnell on the new FinCEN advisory related to Kleptocracy, Foreign Public Corruption, and Russia.

Given recent press on Russian oligarchs’ use of global financial institutions and other “gatekeepers” to transfer and secure their assets outside of Russia, it’s a timely release, write Peter and Claudia.

“Russia is of particular concern as a kleptocracy because of the nexus between corruption, money laundering, malign influence and armed interventions abroad, and sanctions evasion. Corruption is widespread throughout the Russian government and manifests itself as bribery of officials, misuse of budgetary resources, theft of government property, kickbacks in the procurement process, extortion, and improper use of official positions to secure personal profits.”

Pete Viksnins and Claudia O’Donnell in the FPCA Blog

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