Laboratories of Secrecy: Why Some U.S. States Have Sold Their Sovereignty to Criminals and Kleptocrats.
Abstract/Contents
- Abstract
- Despite its reputation for the toughest anti-money laundering (AML) enforcement in the world, the United States remains the leading jurisdiction for the incorporation of anonymous shell companies used in grand corruption schemes. States like Delaware and Nevada have become notorious secrecy jurisdictions, frequently used by criminals and kleptocrats for money laundering. This thesis investigates why some U.S. states and not others have become the most secretive incorporation jurisdictions in the world. By employing the metrics from corporate secrecy scholars and NGOs and never-before-collected cross-sectional data on U.S. state incorporation fee revenue, this work reveals the correlates of U.S. state corporate secrecy. Moreover, through an interest group analysis of the corporate policymaking of two states (Delaware and Nevada) it posits a causal logic behind corporate secrecy in the most secretive U.S. states. It highlights how pro-secrecy interests in the United States have gained control over incorporation policymaking in Delaware and Nevada.
Description
Type of resource | text |
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Date created | May 22, 2020 |
Creators/Contributors
Author | Tuttle, Bryce | |
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Degree granting institution | Stanford University, Fisher Family Honors Program in Democracy, Development and the Rule of Law | |
Primary advisor | Diamond, Larry |
Subjects
Subject | shell companies |
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Subject | money laundering |
Subject | corporate service provider |
Subject | csp |
Subject | aml |
Subject | kleptocrats |
Subject | kleptocracy |
Subject | Delaware |
Subject | Nevada |
Subject | interest groups |
Subject | corruption |
Subject | federalism |
Subject | state politics |
Subject | secrecy jurisdiction |
Subject | tax haven |
Subject | financial secrecy |
Subject | incorporation |
Subject | race to the bottom |
Subject | bar association |
Subject | financial crime |
Subject | offshore financial center |
Subject | ofc |
Subject | compliance |
Subject | financial intelligence |
Subject | state capture |
Subject | bureaucratic capture |
Subject | capture |
Subject | Center on Development Democracy and Rule of Law |
Subject | CDDRL |
Genre | Thesis |
Bibliographic information
Access conditions
- Use and reproduction
- User agrees that, where applicable, content will not be used to identify or to otherwise infringe the privacy or confidentiality rights of individuals. Content distributed via the Stanford Digital Repository may be subject to additional license and use restrictions applied by the depositor.
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
Preferred citation
- Preferred Citation
- Tuttle, Bryce and Diamond, Larry. (2020). Laboratories of Secrecy: Why Some U.S. States Have Sold Their Sovereignty to Criminals and Kleptocrats. Stanford Digital Repository. Available at: https://purl.stanford.edu/xw425vm9024.
Collection
Stanford University, Fisher Family Honors Program in Democracy, Development, and the Rule of Law
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- Contact
- btuttle@stanford.edu
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