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writing for godot

Congress Passes Anti-Corruption Act

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Written by Jubilee USA Network   
Friday, 09 December 2016 05:12

The President can now impose economic sanctions on individuals involved in corruption or human rights abuses thanks to action by Congress. The so-called "Global Magnitzky Act" passed the Senate on December 8 as part of the National Defense Authorization Act. In 2012, an earlier version of the act passed that was specific to addressing corruption in Russia. The new legislation expands the President's powers to any individual no matter their country of origin. President Obama is likely to sign the bill into law soon.

"Congress is taking proactive, bi-partisan measures to fight corruption," said Eric LeCompte, executive director of the religious development group Jubilee USA. "Poor and vulnerable people are often the victims of corruption and human rights abuse."

The Magnitzky Act gives the President the authority to implement a number of penalties, including visa sanctions and asset freezes. The act is named for a Russian whistle-blower who died in prison in 2009. 

Congress is also considering other anti-corruption measures that would make it more difficult for foreign officials to launder money in the US financial system. The Incorporation Transparency and Law Enforcement Assistance Act would give law enforcement access to the names of the owners of so-called "anonymous shell companies" if they suspect those companies of criminal activity.

"There is more work for Congress to do on the global anti-corruption front and there's some interest on both sides of the aisle on moving forward," stated LeCompte.

According to a recent report from the research organization Global Financial Integrity, developing countries lose more money to corruption and tax evasion than they receive in loans, aid and from other sources combined. African countries lost a combined $862 billion to so-called "illicit financial flows" between 2004 and 2013.

www.jubileeusa.org

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0 # madame de farge 2016-12-11 15:34
And what about the conspirators in the bank frauds....NOTHI NG FOR THEM, move along little people.... The collusion regarding Silver, FOREX etc...who believes this law will EVER be enforced?
 
 
0 # laborequalswealth 2016-12-21 10:32
EXACTLY my response. Just more smoke and mirrors by the ravening wolves who are tearing apart the misery remains of American democracy.
 
 
0 # laborequalswealth 2016-12-21 10:31
Looking forward to law enforcement implementing this in the USA against the rampant corruption on Wall Street, Big Pharma, Big Oil, Big Insurance, the banksters, etc.

Oh. Wait. How silly of me. This will only be used against people who are NOT part of the American Reich Wing fascist clique of billionaires and their mercenaries.

"Anti Corruption Law". What a sick sick joke.
 

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