"… since Russia’s full-scale invasion of Ukraine in 2022, more people have begun to understand the ways in which the secret economy now poses a genuine national security threat to the US, to the UK, to Europe and to other democracies.

"More to the point, they understand that the confiscation of a few yachts is no solution. What if, instead, we shut it all down?”

https://www.ft.com/content/0876ef7a-bf88-463e-b8ca-bd9b4a11665c?accessToken=zwAGIQ6jzGSgkc8Idu96v4hGPtO4yr2bShFmXA.MEUCIAjwvv97o-GbDWICTJI-1kTLgIEmpcxXnmKwyCJyAEX8AiEAlIQ0PFuVHD2nCcw9QF_fmrHm03OPnWdNSPjMpn70j5k&sharetype=gift&token=cbe21496-8086-4af8-a07c-7c2201d2995e

#Banking #Wealth #MoneyLaundering #Crime #Kleptocracy

The kleptocrats aren’t just stealing money. They’re stealing democracy

A shadow world of secret wealth now threatens us all. We need to shut it down, argues Anne Applebaum