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Begin New Search Topic Corruption Content Type Working Paper Publishing Institution Council on Foreign Relations

1. How Anonymous Shell Companies Finance Insurgents, Criminals, and Dictators

Author:
Jodi Vittori
Publication Date:
09-2017
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The Panama Papers leak of eleven million documents in April 2016 revealed that former Iraqi Prime Minister Ayad Allawi, the brother-in-law of Chinese President Xi Jinping, longtime friends of Russian President Vladimir Putin, drug kingpins, and even a soccer megastar had something in common: they all channeled money through anonymous shell companies. Anonymous shell companies are entities that usually employ few or no workers, do not conduct any substantive business, and allow their owners to store or route money while hiding their identities. Because of the secrecy they can provide, anonymous companies represent an important nexus of corruption, money laundering, transnational organized crime, and terrorism, which directly harm U.S. interests. As one of the main facilitators of anonymous companies, the United States should pass legislation to disclose ownership information for all companies, increase federal contract transparency, and boost other business and government transparency mechanisms at home and abroad. Doing so would significantly cut back on the ability of terrorists, criminals, and their ilk to use American corporations, real estate, and trusts to finance activities that harm the United States and its foreign interests.
Topic:
Corruption, International Trade and Finance, Transparency, and Panama Papers
Political Geography:
Global Focus

2. Countering Criminal Violence in Central America

Author:
Michael Shifter
Publication Date:
04-2012
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Central America is increasingly beset by spreading criminal violence. In the northern triangle—Honduras, El Salvador, and Guatemala—insecurity is particularly severe and widespread. In 2010, these countries ranked among the highest homicide rates (per one hundred thousand people) in the world: Honduras with eighty-two, El Salvador with sixty- six, and Guatemala with forty-one; in comparison, the homicide rate in the United States was less than five. The toll has been considerable, tallying nearly seventeen thousand murders in the northern triangle in 2011 and showing no signs of abating. The other four Central American states have also witnessed both heightened domestic insecurity and rising rates of crime and violence.
Topic:
Political Violence, Corruption, Crime, War on Drugs, and Narcotics Trafficking
Political Geography:
Latin America and Central America

3. Understanding the Armed Groups of the Niger Delta

Author:
Judith Burdin Asuni
Publication Date:
09-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
When a group of Western oil workers was kidnapped in the Niger Delta in January 2006, the immediate hike in prices at gas stations around the world served as a timely reminder of the importance of this unstable region to international oil supplies. A previously unknown group announced it was holding the workers. It called itself the Movement for the Emancipation of the Niger Delta (MEND) and quickly sparked panic within the oil industry with a second set of kidnappings and a series of attacks on oil facilities. Anxiety reached new heights when, in an email sent to journalists, MEND claimed responsibility for an attack on an offshore facility, Bonga, in mid-2008. The installation, located a full seventy-five miles from the mainland, had previously been considered too ambitious a target for the militants. By the summer of 2008, oil was trading at $147 a barrel and oil production in the Delta was down by a quarter. Who was this mysterious group, whose members—armed with little more than a few AK-47s and speedboats—were able to massively disrupt oil supplies and wreak havoc on world commodity prices? Where did it come from, and what does it want? Is it a coherent group with clearly defined aims and political ambitions? Or is it merely a disparate ragtag of disillusioned youths, with powerful backers, intent on little more than petty criminality?
Topic:
Conflict Resolution, Arms Control and Proliferation, Corruption, Crime, and Oil
Political Geography:
Africa