Financial Transparency Coalition

On Sunday U.S. Attorney General Eric Holder announced the Kleptocracy Asset Recovery Initiative at the African Union Summit in Uganda. The new policy aims to take on public bribes by recovering public money and returning it to its intended use. While the Obama administration has, so far, shown a greater propensity to tackle the thorny problem of foreign bribery than his recent predecessors, the new policy does not exist in a historical vacuum. In fact, the U.S. has had one of the world’s longest and strongest histories of action against foreign bribery. This is...

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.

Conclusions of the OECD Meeting of the Council at Ministerial Level, 27-28 May 2010