The New Money Laundering Regime: Bermuda's "Know Your Client" Culture Affirmed |
"The Proceeds of Crime Act 1997" (the "Act") received the assent of the Governor on 19 December, 1997, and came into operation in Bermuda on 19 January, 1998. |
Monica J. Jones and Michael J. Burns |
14 |
5 |
1998-06-01 |
Bermuda |
Money Laundering |
Cayman Islands and Brazil Are Concluding MOU on Bank Supervision |
The Cayman Islands and the Government of Brazil are concluding a Memorandum of Understanding (MOU) that provides for cross-border supervision of Brazilian banks operating in the Cayman Islands... [... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
Brazil, Cayman Islands |
Money Laundering, Bank Secrecy |
FATF Agrees to Expand Worldwide Anti-Laundering Network |
On April 28, 1998, at the Financial Action Task Force's (FATF) first ministerial meeting since 1990, the FATF decided to strengthen its activities and the "worldwide anti money-laundering network." |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
World |
Money Laundering |
U.S. Narcotics Report Reviews Status of International Money Laundering |
As part of the annual International Narcotics Control Strategy Report (INCSR), the U.S. Department of State has provided a review of the status of global money laundering trends and countermeasures... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
United States |
Money Laundering, International Organizations, International Cooperation |
G-8 Leaders Promise Action Against Transnational Criminals |
On May 17, 1998, the final communiqué issued by the G-8 Heads of State in Birmingham, United Kingdom, contains several initiatives against transnational crime. |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
World |
Criminal Procedure/Proceedings |
Latvia Signs European Laundering Convention |
On March 11, 1998, the Government of Latvia signed the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of Proceeds from Crime. Maria Klisans, Charge d’Affaires of... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
Latvia |
Money Laundering, Bank Secrecy, International Organizations, Treaties |
Swiss Federal Tribunal Issues Ruling on Salinas Bribes |
During the third week of April 1998, the Swiss Federal Tribunal in Lausanne, Switzerland's highest court, issued a procedural ruling that has negative implications for the Raul Salinas funds, which... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
Switzerland |
Bribery |
New Jersey Governor and U.S. Congress Prioritize Extradition of U.S. Fugitives in Cuba |
At an April 30, 1998 news conference at the U.S. Capitol, a group of representatives in the U.S. Congress and Governor of New Jersey Christine Todd Whitman demanded the extradition of Joanne... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
United States |
Extradition |
Summit of the Americas Produces Multilateral Counterdrug Alliance |
On April 19, 1998, at the second Summit of the Americas, the thirty-four participating countries agreed to establish a Multilateral Counterdrug Alliance and related Plan of Action that, inter alia,... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
North America, Latin America and South America, Caribbean |
International Organizations, Drugs & Trafficking |
U.S. Court Holds Dominican Republic National Extraditable on RICO Charges |
On November 18, 1997, Judge Shira A. Scheindlin of the U.S. District Court for the Southern District of New York denied a motion to dismiss the indictment against defendant Francisco Medina for... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
Dominican Republic |
Extradition |
Romania Signs Agreement on Combatting Illicit Drugs Traffic By Sea |
On March 19, 1998, the Romanian Government signed the European Agreement on Illicit Traffic by Sea. This Council of Europe Convention helps implement, within Europe, the provisions of Article 17 of... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
Europe, Romania |
International Organizations, Drugs & Trafficking, Treaties |
Venezuela Presses Four Countries to Extradite Fifty Fugitive Bankers |
According to a report from the Venezuelan newspaper El Nacional, the Venezuelan Government has requested Britain, Israel, Spain, and the United States to extradite fifty bankers for a 1994 banking... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
Venezuela |
Extradition |
Senate Upholds Clinton Administration’s Certification of Mexican Drug Policy |
On March 26, 1998, the U.S. Senate, by a vote of 54 to 45, upheld the Clinton Administration’s decision to certify that the Mexican Government is “fully cooperating” with the U.S. in counterdrug... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
United States, Mexico |
Drugs & Trafficking, International Cooperation |
EU Agrees on Common Indictment for Participation in a Criminal Organization |
On March 19, 1998, under the chairmanship of British Home Secretary Jack Straw, the European Union's Justice/Home Affairs Council adopted the common action related to indictment for participation in... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
European Union |
Mutual Legal Assistance |
Swiss Highest Appellate Court Approves Forfeiture of Marcos Assets |
On April 15, 1998, a spokesman for the Swiss Federal Police Agency announced that the Swiss Court of Appeals affirmed the forfeiture of more than $500 million in Swiss bank accounts belonging to the... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
Switzerland, Philippines |
Corruption, Asset Forfeiture |
U.S. Appellate Court Affirms Dismissal of Case Against Theft of Cultural Property |
On April 13, 1998, the U.S. Court of Appeals for the Fifth Circuit affirmed the dismissal of the prosecution of two Texans and their lawyer on charges that they trafficked in stolen cultural property... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
United States |
Cultural Property |
New Mexico Governor Demands Extradition of Murder Suspects from Cuba |
In the aftermath of the announcement by the Clinton Administration of moves to reduce some of the economic sanctions against Cuba, Governor Gary Johnson of New Mexico has renewed a request that the... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
United States, Cuba |
Extradition, Murder |
Commonwealth of Virginia Executes Paraguayan Despite ICJ Plea |
On April 14, 1998, the Commonwealth of Virginia execyted Angel Francisco Breard, a Paraguayan national, for murder despite a plea from the International Court of Justice and from Secretary of State... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
United States |
International Criminal Court |
Panama Denies Haitian Extradition Request for Former Military Ruler |
On April 10, 1998, Panamanian Vice Foreign Minister Marcel Salamin announced that his Government denied a Haitian Government request to extradite former head of state Lt. Gen. Raoul Cedras because... |
Bruce Zagaris |
14 |
5 |
1998-05-01 |
Haiti, Panama |
Extradition, Murder |
U.S. Indicts 16 for Forcing Illegal Aliens Into Prostitution and Establishes Task Force to Prosecute Slavery and Worker Exploitation |
On April 23, 1998, the U.S. Attorney in Miami released a 52-count indictment brought by a grand jury in Fort Pierce, Florida, against sixteen persons, charging them with operating a prostitution ring... |
Bruce Zagaris |
14 |
5 |
1998-06-01 |
United States |
Sex Crimes |