G7 Urged to Adopt Financial Tools of Pressure to Promote Open Societies, Tackle Corruption and Kleptocracy
June 10, 2021 (London / Washington, DC) – In advance of the G7 summit beginning tomorrow, The Sentry has outlined key policy recommendations that the seven nations—the United States, the United Kingdom, Canada, France, Germany, Italy, and Japan—should adopt to combat the grand corruption undermining global peace and democracy.
Denisse Rudich, Senior Advisor at The Sentry, said: “Following President Biden’s historic memorandum making the fight against corruption a core national security interest and similar statements by other G7 countries at the United Nations, the time is now for the G7 to turn words into action. The G7 countries act as destinations, and often safe havens, for much of the illicit proceeds of kleptocratic networks plundering the public coffers of some of the most severely conflict-affected countries. Public wealth stolen from East and Central Africa does not stay there but moves across borders, often facilitated by professional enablers located in the G7, undermining the integrity of the global financial system. It is essential and urgent that G7 leaders act now to set the global agenda and commit to deploying financial tools of pressure, such as human rights and corruption sanctions, as well as tougher anti-money laundering measures, to disrupt corruption- and atrocities-related money flows and create leverage for peace, human rights, and good governance.”
The Sentry recommends that the G7 take the following concerted action steps:
Click here to read The Sentry’s full brief.
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About The Sentry
The Sentry is an investigative and policy team that follows the dirty money connected to African war criminals and transnational war profiteers and seeks to shut those benefiting from violence out of the international financial system. By disrupting the cost-benefit calculations of those who hijack governments for self-enrichment, we seek to counter the main drivers of conflict and create new leverage for peace, human rights, and good governance. The Sentry is composed of financial investigators, international human rights lawyers, and regional experts, as well as former law enforcement agents, intelligence officers, policymakers, investigative journalists, and banking professionals. Co-founded by George Clooney and John Prendergast, The Sentry is a strategic partner of the Clooney Foundation for Justice.