Staff Reporter
Islamabad
Prime Minister Imran Khan on Wednesday welcomed President-elect Joe Biden’s intention to target illicit wealth.
In a tweet, the premier shared an article that stated that Biden was expected to make a crackdown on illicit finances – both in the United States and abroad – a priority in his administration.
He said developing countries were falling into poverty at the hands of corrupt elites who use money laundering to divert wealth to rich countries.
The Foreign Policy article shared by PM Imran, quotes a Biden essay written for Foreign Affairs. The president-elect states in the article that, “I will lead efforts internationally to bring transparency to the global financial system, go after illicit tax havens, seize stolen assets, and make it more difficult for leaders who steal from their people to hide behind anonymous front companies.”
Moreover, the article also quotes Biden’s national security adviser Jake Sullivan, saying that one of Biden’s top goals was to “rally our allies to combat corruption and kleptocracy, and to hold systems of authoritarian capitalism accountable for greater transparency and participation in a rules-based system.”
