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Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

A Brush of Oversight Coming to the Art World

| Oct. 29, 2020

As the United States continues to utilize tools of financial statecraft to limit the cash flow and economic freedoms of adversaries around the world, an age-old mechanism for concealing illicit transactions has recently received more attention: the art market

 

Photo of people crossing bridge in Shanghai that shows stock prices.

(AP Photo/Paul Traynor)

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

From Silicon Valley to Shenzhen: Dollar Exposures in Chinese Fintech

| Dec. 17, 2018

In the post-9/11 era, Washington has waged innovative campaigns against terrorism finance, sanctions evasion, and money laundering. Leveraging America’s heavyweight status in the international financial system, the United States Treasury has isolated and bankrupted rogue regimes, global terrorists, and their enablers. As financial technology transforms global business, the traditional financial system faces new competition across a suite of offerings, ranging from brokerage services to peer to peer lending. In no area is this clearer than in mobile payments, where a global hegemon lies ready to exercise its weight, and it is not the United States.