Financial Transparency Coalition

Washington, DC (The Hill) -- The U.S. launched a new initiative on Sunday aimed at battling large-scale public corruption in foreign states.

U.S. Attorney General Eric Holder's speech, as prepared for delivery, at the African Union Summit in Kampala, Uganda, where he announces that the U.S. Department of Justice is launching a new Kleptocracy Asset Recovery Initiative aimed at combating large-scale foreign official corruption and recovering public funds for their intended – and proper – use.