Corrupt dictators who take bribes and loot their treasuries are rightly condemned by governments and other observers in developed countries. But the extent to which this plundering is aided by lax and weakly enforced money laundering laws in the West has too often escaped notice. It is remarkably easy for these criminals to hide their identities behind anonymous shell companies and bank secrecy in order to bring their dirty money into the United States and Europe.

by Morgan Huston and Arch Puddington*

This past Tuesday, the Unesco–Equatorial Guinea International Prize for Research in the Life Sciences was awarded for the first time. The award recognizes the achievements of scientific research that “have contributed … to improving the quality of human life.” Unfortunately, the man who proposed and funded this award, President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, is among the most corrupt and repressive dictators in Africa, or indeed anywhere. In other words, he is a political leader who has devoted a long career to worsening the quality of life for the people of Equatorial Guinea.

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