Overview

From 2012 to 2015, the Azerbaijani Government reportedly funneled 2.5 billion euros from four U.K.-based shell companies, through an Estonian branch of a Danish bank, to bribe European politicians and Azerbaijani elites in a scheme dubbed the Azerbaijani Laundromat. According to a report from the Organized Crime and Corruption Project, the money bought silence during a time when the Azerbaijani Government, Threw more than 90 human rights activists, opposition politicians, and journalists into prison on politically motivated charges. The Azerbaijani Laundromat is not a unique scheme. In 2015, the Panama Papers exposed what many in the law enforcement and anticorruption world already knew, that corrupt officials, tax cheats, drug traffickers, terrorists and criminals from around the world routinely use shell companies to hide assets and obscure illegal activities. America's lax corporation laws have made the United States a favorite destination for money laundering. With every passing day, we learn more about how Russian and Russian kleptocrats exploit opaque business laws to hide the ill-gotten riches, bribe corrupt officials, and undermine the world economy and democratic institutions. Heather Conley at the Center for Strategic and International Studies [CSIS] wrote in her report, The Kremlin Playbook, that corruption is the, lubricant with which the Russians operate. CSIS warns that to fight the corruption that gives Russia this channel of influence, and I quote them, enhancing transparency and the effectiveness of the Western democratic tools, instruments and institutions is critical.

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9781983800627

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