Development of Anti-Corruption and Anti-Money Laundering Tools to Identify Unexplained Wealth Held by Politically Exposed Persons (PEPs)

By supporting the development of a comprehensive global PEPs database, or network of databases, the State Department intends to promote the ability of public and private stakeholders to combat corruption and money laundering. This database would help these stakeholders comply with existing regulations and hold malign actors accountable for their corrupt activity. This database will also promote transparency by providing public information to civil society and ensure reports on official corruption would remain available to the public. The transnational nature of the database would limit opportunities for PEPs to use ill-gotten assets outside of their own country. This program will improve the rule of law and combat corruption by developing NGO-run non-commercial database to identify unexplained wealth held by PEPs in selected initial countries. The project should focus on countries in Eastern Europe, Central Europe, and Western Balkans, in the initial period of performance, with the ability to subsequently scale the project.