The study of kleptocracy as a global phenomenon typically focuses on individuals who steal money from the state for personal gain. This paper will examine the broader issue of kleptocratic behavior channeled through public institutions and foreign governments as well as through individual kleptocrats. From the straightforward siphoning of state funds into private accounts, kleptocracy has evolved into a multifaceted practice that distorts how markets and democratic institutions function both at the origin and destination of siphoned funds. Within its scope lie not only individual kleptocrats stealing money and investing it in Western markets but also state-owned enterprises whose poor governance jeopardizes the $45 trillion that they represent globally. Similarly, corrosive capital investments from authoritarian countries such as Russia and China can have significant geopolitical repercussions. Each component of this kleptocratic web demands a different form of analysis to comprehend and specific tools designed to curtail their impact. Below you will find a brief analysis of each of these forms of kleptocracy, including corruption, state-owned enterprises, and corrosive capital, followed by some recommended policy solutions that can discourage these practices
