On June 3, 2021, the White House issued a National Security
Memorandum, in which President Biden identified countering
corruption as a "core" U.S. national security interest.
The President directed the Assistant to the President and National
Security Advisor to lead an interagency review process and develop
a presidential strategy that, when implemented, will significantly
bolster the ability of the U.S. government to address a number of
issues relating to international corruption in a domestically and
internationally coordinated fashion.
In taking this step, President Biden recognized the deleterious
impact that international corruption has had not only on the global
financial system, but also on slowing economic growth, creating
inequality, and eroding the public's trust in government
institutions. Indeed, President Biden cites international
corruption as a threat to democracy itself.
