From Moscow to Miami: How Dirty Money Corrupts Global Financial Systems

PTF Chair Frank Vogl joined Amanpour & Company to discuss dirty money in global financial systems, and how the West enables corruption.

Global reliance on Russian oil has brought to light the challenges posed by financial corruption in Moscow, however, PTF Board Chair Frank Vogl claims that this problem extends beyond Russia and into the West. Financial corruption, he says, is “an enormous problem that directly challenges our security and democracy.”

Vogl joined Amanpour & Company, a global affairs program hosted by Christiane Amanpour, to discuss widespread corruption and the need to radically reform global financial systems. He spoke with NPR’s Michel Martin about how actors in these systems enable corruption and movement of dirty money around the world. Vogl further described how authoritarian leaders and dictators accumulate stolen wealth, and then invest that money in the West. Though this has posed a longstanding challenge with both financial and political ramifications, it is only recently that Western governments have begun to take action on this issue.

These issues—and more—are further detailed in Vogl’s latest book, The Enablers: How the West Supports Kleptocrats and Corruption – Endangering our Democracy.

The learn more, watch the full interview.

Click here to purchase The Enablers.

The views expressed in this article are solely those of the individuals quoted and do not necessarily reflect the official policies of PTF.

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