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9681. Regulating The Enablers: How the U.S. Treasury Should Prioritize Imposing Rules on Professionals Who Endanger National Security by Handling Dirty Money

Author:
Josh Rudolph
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
German Marshall Fund of the United States (GMFUS)
Abstract:
When kleptocrats, foreign intelligence services, homegrown autocrats, and other malign actors weaponize corruption to undermine U.S. democracy, their financial secrecy relies upon the services of ten sectors of U.S. professionals, including lawyers, real estate agents, hedge fund managers, and others. The U.S. government should promulgate new financial regulations—similar to existing rules for banks—that would require non-bank enablers to watch out for dirty money. Regulators should prioritize six or seven sectors of professionals known to gravely endanger U.S. national security by facilitating corruption. Unfortunately, the United States is among the less than 10 percent of countries that do not require non-bank enablers to establish anti-money laundering (AML) programs, which are mandatory for banks. That is, unlike enablers based in more than 90 percent of the world, U.S. non-bank enablers do not need to have compliance officers, trainings, audits, and controls reasonably designed to spot potential money laundering by identifying customers, scrutinizing transactions, keeping records, and reporting suspicious activity to the government. Fortunately, that may change soon, as the regulation of enablers has become a top priority among U.S. lawmakers, law enforcement, civil society, and other stakeholders. President Joe Biden’s memorandum prioritizing the fight against corruption as a core national security interest—and ordering U.S. departments and agencies to develop a presidential anti-corruption strategy within 200 days—included a prominent warning about the threat of U.S.-based professional enablers who move and launder dirty money.
Topic:
National Security, Finance, Financial Crimes, and Money Laundering
Political Geography:
North America and United States of America

9682. Protect, Constrain, Contest: Approaches for coordinated transatlantic economic and technological competition with China

Author:
François Chimits, Ashley T. Lenihan, Jonathan Liebenau, Stephen Paduano, Anthony Vinci, and Peter Watkins
Publication Date:
01-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
The Biden Presidency offers opportunities for a renewed effort at formulating a coordinated allied approach to technological and economic competition with China. The latest report from China Foresight at LSE IDEAS provides a guiding framework for transatlantic coordination, and offers insights into key elements of future cooperation. While challenges abound, the opportunities for action prove just as great in number.
Topic:
Economics, Science and Technology, Transatlantic Relations, and Strategic Competition
Political Geography:
China, Asia, and United States of America

9683. UK Economic Diplomacy in the 21st Century: The LSE Economic Diplomacy Commission Final Report

Author:
LSE Economic Diplomacy Commission
Publication Date:
02-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
The LSE Economic Diplomacy Commission was convened in 2019 to establish a strategic direction for a new age of foreign economic policy, to understand the domestic ramifications of changes to the UK’s trade agenda, and to present recommendations that may best advance the UK’s priorities at home and abroad. The aim of the Report is to position the UK optimally in a changed 21st century global economy while maintaining the UK’s support for an open, multilateral trade and rules-based international system. The Report proposes a refined economic diplomacy framework that seeks to balance commercial openness with strategic domestic and foreign policy aims, broadly defined.
Topic:
Foreign Policy, Diplomacy, Economics, and Trade
Political Geography:
United Kingdom and Europe

9684. Hedging by Default: The Limits of EU “Strategic Autonomy” in a Binary World Order

Author:
Richard Higgott and Simon Reich
Publication Date:
02-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
For some time, international relations has trended in the direction of an American and Chinese dominated binary world order. While the Trump administration has been an accelerator not a cause of this trend between 2016 and 2020, not coincidentally the post 2016 era has also seen key EU figures move to develop a strategy of greater "strategic autonomy". This interest in strategic autonomy was, in no small part, a reflection of growing European distrust in the reliability of both China and, increasingly, the USA. The paper shows, in contrast to the Cold War era during which the EU was unambiguously aligned, how the EU now appears to have embarked on a hedging strategy, albeit implemented more by default than design. In its desire to defend its core interests the EU appears to lean to one side or the other on an issue by issue basis in at least seven key policy domains identified in the paper. This approach is seen to be the outcome of its dual desire to articulate the values of its much touted “Geopolitical Commission" at the same time as it tries to continue its traditional institutional commitment to multilateralism. The paper concludes that the ambiguity present in this endeavour to straddle the realist-liberal fence only serves to expose the limitations of the strategy.
Topic:
International Relations, European Union, Geopolitics, and Strategic Autonomy
Political Geography:
China, Europe, Asia, and United States of America

9685. Sea Change? The Impact of the US Presidential Election on Central and South-Eastern European Security and Defence

Author:
Corina Rebegea, Wojciech Michnik, and Ivan Vejvoda
Publication Date:
03-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
This LSE IDEAS report assesses the likely impact of the new Biden administration on security and defence in the Black Sea, Balkan and Central European regions. The report finds grounds for optimism but also for managing expectations. President Biden's support for multilateral security approaches is likely to strengthen NATO and regional cooperation, particularly on Russia, but the region cannot expect to be the US' top priority. A return to values-based diplomacy under Biden, too, may put pressure on democratically-backsliding allies to whom his predecessor turned a blind eye.
Topic:
Security, Defense Policy, NATO, Diplomacy, Elections, and Multilateralism
Political Geography:
Europe, North America, and United States of America

9686. The Rise of Insurgent Europeanism

Author:
Luke Cooper, Roch Dunin-Wąsowicz, Mary Kaldor, Niccolò Milanese, and Iavor Rangelov
Publication Date:
04-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
Civil society in Europe and its attitudes towards the European project have changed dramatically in the past decade of multiple crises. This study mapped, tracked and monitored developments in European civil society from 2018 to 2020, revealing the nature and implications of these changes.
Topic:
Civil Society, Migration, Insurgency, and Crisis Management
Political Geography:
Europe

9687. Changing Dynamics of Pak-US Relations and the Challenge of Soft Power

Author:
Moonis Ahmar
Publication Date:
05-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
There is a history of ups and downs in Pak-US relations since early 1950s till today. From the period of alliances to ostensible hostility and indifference, the changing dynamics of Pak-US relations must be analysed from a pragmatic point of view where power, national interests, security and sovereignty matter. Furthermore, mistrust, suspicions, ill-will and paranoia still influence the political, security, economic and power dynamics of relations between Pakistan and the United States. This research follows the theory of soft power due to two main reasons. First, instead of being a ‘patron-client’ relationship, PakUS relations could be transformed by focusing on diplomacy, trade and technology instead of threats and coercion. Second, President Obama’s policy of ‘do more’ for Pakistan in combating terrorism in Afghanistan proved to be counterproductive as anti-Americanism surged in Pakistan. Overcoming the bitterness of the past in Pak-US relations will be a major challenge to the Biden-Harris administration. Moving forward in Pak-US relations will require political will, determination, prudence and trust from both sides. It is up to the leadership from both countries to foster trust and take confidence building measures which can transform their relations from patron-client to partners in progress. Shift from geopolitics to geoeconomics will ensure a win-win situation for both sides in the years to come.
Topic:
Economics, Violent Extremism, Democracy, Geopolitics, and Soft Power
Political Geography:
Pakistan, South Asia, North America, and United States of America

9688. Authoritarian protectionism in Central, Eastern and South-Eastern Europe: diversity, commonality and resistance

Author:
Luke Cooper
Publication Date:
07-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
Authoritarianism has become a major buzzword of global politics today. But the public debate has often focused on headline-catching cases of democratic decline. In the European Union (EU), Hungary and Poland, have tended to dominate discussion and critique with the implication that a modern-day ‘containment’ strategy might suffice to withstand the authoritarian advance. This brings dangers for how we think about politics in Central, Eastern and South-Eastern Europe (CESEE), involving a problematic reading of the region as a source of threat to democracy, rather than a theatre for its renewal. This new LSE IDEAS report, Authoritarian protectionism in Central, Eastern and South-Eastern Europe: diversity, commonality and resistance, seeks to provide a wider regional contextualisation through the examination of Hungary and Poland in tandem with four other case studies in the region: Bulgaria, Czech Republic, Romania and Slovakia. The paper argues that the recent histories of these states provide a vantage point for reflection on the broader tendencies driving democratic decay globally. As the populaces of these states have shown tremendous civic energy in their willingness to resist authoritarianism, often in very large numbers, these case studies also point to the need to re-frame how this topic is discussed in the European public sphere. They suggest we should highlight how events in the region may be a harbinger of new opportunities for democratic advance. The snapshot comparative analysis of these states is undertaken through the frame of what the author, Dr Luke Cooper, calls authoritarian protectionism. This emphasises the importance of a politics of ethnonational partisanship to the contemporary challenge to democracy. In the cases examined in the report, authoritarian protectionism draws particular attention to the coherence that exists amongst such actors– despite the fact the examples are drawn from the left, centre and right of the political spectrum.
Topic:
Politics, Authoritarianism, European Union, Democracy, Diversity, and Protectionism
Political Geography:
Europe, Eastern Europe, Central Europe, and Southern Europe

9689. FOCAC at 21: Future Trajectories of China-Africa Relations

Author:
Chris Alden, Stephen Paduano, Mzukisi Qobo, Lukas Fiala, Iginio Gagliardone, Yu-Shan Wu, Gidon Gautel, and Lina Benabdallah
Publication Date:
10-2021
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
The China-Africa relationship has continued to evolve over the last years. In light of the 8th Forum on China-Africa Cooperation (FOCAC) that will take place later in 2021, the latest report from LSE IDEAS China Foresight brings together an international team of experts to shed light on emerging and consolidated areas of engagement between China and Africa that will likely shape the relationship in the years to come.
Topic:
International Relations, Foreign Policy, Diplomacy, International Cooperation, and Engagement
Political Geography:
Africa and China

9690. Germany and the World of Yesterday

Author:
Leon Mangasarian
Publication Date:
01-2021
Content Type:
Working Paper
Institution:
LSE IDEAS
Abstract:
In the past six decades, the four pillars of Germany’s post-World War II security model were built and expanded: NATO, the European Union, trans-Atlanticism and free trade. This gave Germans their longest period of peace, making them fantastically rich as the world’s fourth biggest economy. Can Germany’s view of itself as a ‘big Switzerland’ be sustained? Leon Mangasarian argues not. The Biden presidency is providing Germans with a false sense of security, one which means that Germany will fail to build the appropriate policies and NATO alliances Germany desperately needs in order to build a grand strategy of its place in Europe. If that debate is not led by the chancellery then it needs to come from the Bundestag, from the country’s expanding think tank community, the universities and citizen fora.
Topic:
NATO, European Union, Economy, and Transatlantic Relations
Political Geography:
Europe and Germany