Lakshmi Kumar

Policy Director at Global Financial Integrity
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Lakshmi Kumar is the Policy Director at Global Financial Integrity with several years of experience working on issues of financial policy, securities investigation, regulatory governance, anti-corruption, and anti-money laundering/terrorist financing. Prior to joining GFI, Ms. Kumar was a lawyer and policy professional in India, working with governments and regulatory agencies across South Asia, East Africa, and Eurasia to investigate money laundering and terrorist financing risks to their financial systems.

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  • [Real estate] provides a really easy way to hide ill-gotten gains with little oversight and few questions asked. If you’re a criminal, why would you not choose a method that allows you to flaunt your wealth openly, but also hide its illicit nature? This is clearly a systemic issue globally. Everyone’s discovering how easy it is to use and abuse the real estate sector. The difference is that everyone else seems to have charted a path forward. They have put in legislation they’re trying to figure it out. In the U.S., we’re still held back. A lot of the money laundering cases we saw reported in the U.K. and Canada were really concentrated in what you’d call real estate hubs in the country. In the U.S., that was not the case. It was spread far and wide.

    30 August 2021
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