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Controversy Over Panamanian Banks Increasing |
In Panama and the U.S. controversy and pressure over laundering in Panama is increasing. On March 2, the National Banking Commission announced that the Government of Panama had decided to revoke the... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
Panama |
Money Laundering |
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Administration Of Justice Provisions Pass |
As part of the International Security and Development Cooperation Act of 1985, Section 712 (Administration of Justice) was enacted. The Section authorizes the President to furnish assistance to... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
United States |
Administration of Justice |
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Office of Administration of Justice Created |
In May, 1985, the Office of the Administration of Justice was created within the Agency for International Development. The office is headed by Thomas Geiger. One of the office's first activities... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
United States |
Administration of Justice |
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Final Bank Secrecy Act Regulations Are Issued |
On July 8, 1985, the U.S. Department of Treausry issued a final rule establishing a new procedure under which the Secretary of Treasury may issue reporting requirements in response to money-flow and... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
United States |
Bank Secrecy |
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Export Administration Act: An Alien View |
After substantial debate, more than two years of controversy and intense lobbying by affected parties, Congress finally agreed on a compromise position to revive the Export Administration Act for... |
Clemens J.M. Kochinke |
1 |
1 |
1985-09-01 |
United States |
Export Enforcement |
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Recovery of Evidence Passed to a Foreign Country Under Judicial Assistance Principles |
On Feb. 6, 1985, the Swiss Federal Supreme Court unanimously confirmed that the Republic of Italy enjoys immunity against a civil complaint where Italian authorities had made a judicial assistance... |
Clemens J.M. Kochinke |
1 |
1 |
1985-09-01 |
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Evidence Sharing |
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Private Bar and Badalamenti Case Gives Impetus To Opposition To New Money Laundering Bill |
A decision by U.S. District Judge Pierre N. Leval (S.D.N.Y.) on July 11 (84 Cr. 236) that it is unconstitutional for the government to seize legal fees that defendants paid their lawyers in narcotics... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
United States |
Money Laundering |
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Swiss Authorities Drop Criminal Case Against Marc Rich |
The Swiss Government has decided to dismiss a criminal action against Marc Rich & Company's principals, March Rich and Pincus Green, and the other individuals, accused of violating Swiss law and... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
Switzerland |
Economic Espionage |
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Unitary Tax Developments |
On July 8, 1985, the Treasury released its draft unitary tax legislation with technical explanation. New section 6039A would require that a "reporting corporation" file an information return with... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
|
Tax Enforcement |
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Final Regulations On Information Returns For Foreign-Owned Corporations, And Information Returns By U.S. Persons Re Foreign Corporations Are Published |
On July 24, 1985, final regulations were promulgated relating to information returns required of U.S. persons with respect to certain foreign corporations, and information returns required of certain... |
Bruce Zagaris |
1 |
1 |
1985-09-01 |
United States |
Information Exchange |
