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Zaviersoon
2021-06-04

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Biden puts anti-corruption at center of foreign policy, with focus on crypto and cybersecurity

KEY POINTS President Biden is placing global anti-corruption efforts at the center of U.S. foreign

Biden puts anti-corruption at center of foreign policy, with focus on crypto and cybersecurity

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·2021-06-04
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden puts anti-corruption at center of foreign policy, with focus on crypto and cybersecurity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 08:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/03/biden-puts-anti-corruption-effort-at-center-of-foreign-policy-with-crypto-cyber-focus.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPresident Biden is placing global anti-corruption efforts at the center of U.S. foreign policy with a new directive establishing the fight as a core national security interest.\nThe first ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/03/biden-puts-anti-corruption-effort-at-center-of-foreign-policy-with-crypto-cyber-focus.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NSEC":"National Security Group"},"source_url":"https://www.cnbc.com/2021/06/03/biden-puts-anti-corruption-effort-at-center-of-foreign-policy-with-crypto-cyber-focus.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1177123355","content_text":"KEY POINTS\n\nPresident Biden is placing global anti-corruption efforts at the center of U.S. foreign policy with a new directive establishing the fight as a core national security interest.\nThe first National Security Study Memorandum of Biden's presidency instructs agencies to prioritize efforts to identify and tackle corruption worldwide.\nMajor parts of the directive are focused on financial crimes, including the need to modernize existing anti-corruption laws to confront new technologies like cryptocurrencies and cybercrime.\n\nWASHINGTON — President Joe Biden is placing global anti-corruption efforts at the center of U.S. foreign policy, issuing a new directive to federal agencies to prioritize efforts to confront the problem.\nThe instructions came in the form of aNational Security Study Memorandumreleased Thursday, the first of Biden's presidency. The memo formally establishes the fight against corruption as a core national security interest.\nThe memo is important because it publicly notifies federal agencies that they need to \"up their anti-corruption game,\" said an administration official, speaking to reporters on background about the directive.\nThe memo directs a 200-day interagency review of how to improve anti-corruption measures, culminating in a report and recommendations to the president.\nThe official said major parts of the directive will be focused on financial crimes, including steps to modernize existing anti-corruption laws to confront cryptocurrencies and cybercrime.\n\"We are looking at crypto as a means of illicit finance,\" the official said, \"but by no means are these new steps limited to new technologies like crypto.\"\nThe official also said the effort would likely involve updates to the Bank Secrecy Act, the primary means by which law enforcement can track how money moves through financial institutions.\n\"We'll be looking for ideas of how to modernize these systems to respond to new technologies,\" the official said. The memo does not name individual countries, specific currencies or particular kinds of assets.\nAccording to the memo, the federal government will also \"robustly\" implement new rules established in January that require American companies to report their beneficial owner or owners to the Treasury Department. This is part of an effort aimed at \"reducing offshore financial secrecy; improving information sharing; and, as necessary, identifying the need for new reforms.\"\nThe memo also identifies the need to address strategic corruption by foreign entities and governments \"and their domestic collaborators\" in part by \"closing loopholes exploited by these actors to interfere in democratic processes in the United States and abroad.\"\nThis is a thinly veiled reference to efforts by Russia, Iran and other adversaries in recent years toexploit loopholes in the laws that govern foreign lobbying and political activitiesin order to fund disinformation campaigns and influence U.S. elections.\nThe anti-corruption fight is part of a broader shift underway toward a new \"foreign policy for the middle class.\" The strategy, devised in part by Biden's national security adviser Jake Sullivan, emphasizes how foreign policy and domestic policy can be integrated into a new middle ground between the traditional conservative and liberal approaches to global affairs.\nForeign policy for the middle class aims to ensure that globalization, trade, human rights and military might are all harnessed for the benefit of working Americans, not solely for billionaires and multinational corporations, but not for abstract ideological reasons either.","news_type":1},"isVote":1,"tweetType":1,"viewCount":326,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":16,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4575427,"gmtCreate":1622782186198,"gmtModify":1663227932764,"authorId":3574551037326613,"author":{"id":3574551037326613,"authorId":3574551037326613,"name":"liang180","avatar":"https://community-static.tradeup.com/news/5fd953b2eaa680fb8411f3f8b7fe5c73","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116900291,"type":1,"supId":0,"prevId":0,"content":"<u>Hi</u>","text":"<u>Hi</u>","html":"<u>Hi</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}