![]() But by effectively preventing and countering corruption and demonstrating the advantages of transparent and accountable governance, we can secure a critical advantage for the United States and other democracies. Anonymous shell companies, opaque financial systems, and professional service providers enable the movement and laundering of illicit wealth, including in the United States and other rule-of-law-based democracies.Ĭorruption threatens United States national security, economic equity, global anti-poverty and development efforts, and democracy itself. The proceeds of these acts cross national borders and can impact economies and political systems far from their origin. While such costs are not evenly shared worldwide, the abuse of power for private gain, the misappropriation of public assets, bribery, and other forms of corruption impact every country and community. It has been estimated that acts of corruption sap between 2 and 5 percent from global gross domestic product. In financial terms alone, the costs of corruption are staggering. When leaders steal from their nations’ citizens or oligarchs flout the rule of law, economic growth slows, inequality widens, and trust in government plummets. Corruption corrodes public trust hobbles effective governance distorts markets and equitable access to services undercuts development efforts contributes to national fragility, extremism, and migration and provides authoritarian leaders a means to undermine democracies worldwide. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy. ![]() ![]() Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””. ![]()
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