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In This Window of Political Will To Act on Corruption, Wealthy Democracies Must Address Their Own Roles

There is a moment of increasing political will by wealthy democratic nations address global corruption, especially in the wake of Russia’s invasion of Ukraine. With potential leadership from the US, and emerging interest from countries like Canada and the Netherlands, it is critical that this political will for anti-corruption focus domestically as well as internationally.

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Why are three of the world’s richest countries doing so little to stop corruption?

One of the best-known data points in the anti-corruption field is the estimate from Global Financial Integrity that US$ 1.1 trillion in proceeds of corruption, crime and tax evasion are taken from developing countries every year and invested in Western banks, real estate, and luxury goods. The volume of illicit financial flows is higher than the total value of development aid and foreign direct investment into poor countries combined.

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