On June 3, 2021, President Joe Biden issued a national security memorandum on “Establishing the Fight Against Corruption as a Core United States National Security Interest.” The memorandum, the first national security memorandum of President Biden’s administration, references the “staggering” cost of international corruption and the threat to “United States national security, economic equity, global anti-poverty and development efforts, and democracy itself.”
The memorandum directs administration officials to perform an interagency review to “develop a Presidential strategy that will, when implemented, significantly bolster the ability of the United States Government” to “promote good governance and prevent and combat corruption,” “[c]ombat all forms of illicit finance,” and “[h]old accountable corrupt individuals, transnational criminal organizations, and their facilitators.” President Biden’s National Security Advisor, Jake Sullivan, is further instructed to complete the interagency review within 200 days and submit a report and recommendations to President Biden for review and adoption.
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Associate David A. Silva contributed to this Sidley Update.
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