The Pandora Papers once again shone the spotlight on the UK being home to corrupt funds from kleptocracies, where the ruling elite abuse their political power for private gain.
In recent years much focus has been placed on this term, and the possible effects such money could have on Western democracies.
- How do such states create this wealth in the first place?
- How do these funds make their way to the UK?
- Is the term kleptocracy appropriate for the majority of countries in Eurasia?
- What evidence is there that such funds are ‘weaponized’ to achieve foreign policy goals?
This event discusses the term, how it can be applied, and the differences between how ’grey’ funds are used by various countries. It also highlights how the UK and the wider international community can counteract these flows, both from a legal point of view, and via other methods.
