This session will try to make sense of the wide variety of money laundering beneficiaries (e.g. terrorists, tax evaders, and drug dealers), the range of techniques they employ to hide both the origins of their funds and the ultimate uses, and the vast global network of enablers who facilitate the process, such as bankers, attorneys, accountants and even governments. The detailed revelations contained in the so-called “Panama Papers” and “Paradise Papers” (Bahamas) would serve to graphically illustrate how the porous and opaque nature of the global financial system makes money laundering easy to pull off and extremely challenging for governments to combat.
Roger Leeds is a Professor at the Johns Hopkins School of Advanced International Studies (SAIS) and Director of the School’s Center for International Business and Public Policy. He also co-founded and was the 1st Chairman of the Emerging Markets Private Equity Association, and is co-founder (with Francis Fukuyama) of the Leadership Academy for Development, a non-profit that runs intensive training programs for government officials and leaders from business and civil society organizations in developing countries focused on public policies that strengthen private sector performance. He also has taught at Harvard’s Kennedy School of Government, the Wharton and Columbia business schools. Prior to joining the SAIS faculty, Roger worked as an international finance practitioner for 25 years, including positions at Salomon Brothers, the International Finance Corporation (World Bank), and a New York-based private equity firm. He has an extensive list of publications, including his recent book, Private Equity Investing in Emerging Markets (translated into Chinese). Roger has been a guest commentator on various radio and television programs, including CNN, Bloomberg News, CBS News, CNBC, and National Public Radio, and is a member of the Council of Foreign Relations in New York, He received his undergraduate degree from Columbia University, and his PhD from Johns Hopkins (SAIS).