Mr. Kerry also said that corruption was a threat to governments, by encouraging foreign extremism and fomenting domestic discontent. And we see this anger manifesting itself in different forms in elections around the world, including ours. The issue was highlighted by Mr. Kerry, who referred to “tens of billions of dollars” stolen from Nigeria in the past. Some advocates, however, have asserted that nations like Britain and the United States need to go even farther in cracking down on tax havens within their own borders. Plans are also underway for an International Anticorruption Coordination Center in London, in partnership with Australia, Canada, New Zealand, Switzerland and the United States, as well as with Interpol.

Source: New York Times May 12, 2016 02:17 UTC