A statement released by Mars Group Kenya, a Kenyan anti-corruption organization, this past week clearly shows an awareness and distaste for the role played by international financial organizations in financing corrupt regimes, as well as an appreciation for recent U.S. action to pressure Kenyan politicians to push for government reform. Pressure from the U.S. came last week in the form of 15 letters from the U.S. government to top Kenyan officials, “warning them of possible travel bans if they did not cooperate in instituting reforms.” While many government officials have come out decisively against the actions...
In this fascinating TED talk, Misha Glenny, author of McMafia, details the increased prevalence of organized crime since the fall of the Berlin Wall. Importantly, about ten and half minutes in, he focuses specifically on the deregulated global financial system, pointing to offshore banking as one of the biggest enablers of organized crime. He calls for new, effective, regulation – something he considers a necessity, and believes that it should come from the White...
