Treasury’s Yellen vows big push against corruption, new ‘kleptocracy fund’ -Breaking
[ad_1]
WASHINGTON (Reuters) – The U.S. Treasury Division should play a serious position in combating corruption at residence and overseas, Treasury Secretary Janet Yellen advised President Joe Biden’s democracy summit on Thursday, unveiling a brand new “kleptocracy fund” to reward tips about the place corrupt international leaders hid their cash in the USA.
She stated the Treasury was working to crack down on cash laundering and illicit finance from abroad, whereas beefing up enforcement in opposition to tax evaders at residence who value the Treasury $600 billion in revenues final yr alone.
“In any case, the USA can’t be a reputable voice without spending a dime and truthful authorities overseas if on the identical time we enable the rich to interrupt our legal guidelines with impunity,” she stated.
Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of reliance on the knowledge together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding types potential.
[ad_2]