Casey Michel‘s new book American Kleptocracy: How the U.S. Created the World’s Greatest Money Laundering Machine in History (St. Martin’s) is reviewed by NY Review of Books and The Economist. Michel (MARS-REERS ’15) is an Adjunct Fellow with the Hudson Institute’s Kleptocracy Initiative, where he co-hosts the “MAKING A KILLING” podcast on corruption and kleptocracy. He is also a member of RUSI’s Taskforce on a Transatlantic Response to Illicit Finance.
From the review in The Economist:
Casey Michel’s title leaves no doubt where the journalist and fellow of the Hudson Institute, an American think-tank, believes much of the blame lies. For all its claims to moral leadership in finance, he argues, America has become “the world’s greatest offshore haven” and the largest provider of the “financial-secrecy services” that facilitate money-laundering. This has let it pull in unrivalled amounts of tainted cash from “the world’s worst”, from corrupt regimes to extremist networks.