U.S. Makes Several Pledges at Anti-Corruption Summit hosted by the UK on May 12, 2016

On May 12, 2016 UK Prime Minister David Cameron hosted an Anti Corruption Summit in London. As a participant, the United States in a State Department press release made several pledges to combat international corruption.

G20 Releases Communique requiring the OECD by July 2016 to establish objective criteria to identify non-cooperative jurisdictions with respect to tax transparency

On April 14, 2016 at the meeting of the Finance Ministers and Central bank Governors of the G20, a 12 point communique was released along with a 9 point Annex and a 9 point "issues of further action". One of the twelve points addressed global initiatives to promote tax transparency, including the G20 requirement that the OECD establish objective criteria to identify non-cooperative jurisdictions with respect to tax transparency by its July 2016 meeting.

Trump Plans Ultimatum to Make Mexico Pay for Wall

If he becomes president, Donald Trump plans to force Mexico to pay for a border wall by threatening to cut off the flow of billions of dollars in payments that immigrants send home to the country.  This proposal would jeopardize a cash source that many economists say is crucial in keeping Mexico's struggling economy afloat.  For example, in 2015, nearly $25 billion was sent home by Mexicans living abroad.  However, this estimation includes money sent from around the world, not just the United States.

Hague Court Acquits Serb Nationalist Seselj

A U.N. war crimes tribunal acquitted ultranationalist politician Vojislav Seselj of atrocities on Thursday in a rare courtroom victory for a Serb defendant.  Seselj had been charged with crimes that included persecution, murder and torture and was facing a 28-year setnece for his support of Serb paramilitaries during the Balkan Wars in the early 1990s.  A three-judge panel's majority decision to acquit Seselj of all charges on the grounds that there was insufficient evidence linking him to the crimes sparked joy in Serbia and deep anger in Bosnia and Croatia.

French Journalist Is Detained at U.N. War Crimes Tribunal

This Thursday, security guards at the United Nations war crimes tribunal for the former Yugoslavia received an order from the court presidency to arrest a French journalist, Florence Hartmann.  Assisted by the Dutch police, the security guards arrested Ms. Hartmann despite the attempts of onlookers and Bosnian war victims to protect her.  Ms. Hartmann, a former correspondant for Le Monde, is currently locked up at the tribunal prison on the outskirts of the Hague to serve a pending seven-day sentence for a contempt of court conviction from 2009.


In this landmark analysis, expert U.S. regulatory lawyer Bruce Zagaris poses the question: ‘has the United Sates abused its dominant position in global financial markets to impose higher regulatory requirements on competing jurisdictions than on itself?'
On April 26, Zagaris will head a webinar session on this topic. 

Bruce Zagaris will speak at the OAS Permanent Council's discussion on “Unfair Practices in Financial Services” in the Hemisphere as an Expert Panelist

On Wednesday March 30, 2016 at 10:00 am EDT in the Simon Bolivar Hall, Bruce Zagaris will participate in the Organization of American States Permanent Council's discussion on “Unfair Practices in Financial Services” in the Hemisphere as one of three expert panelists. 
The meeting will be broadcast live on the OAS Webiste

EU Considers More North Korean Sanctions After U.N. Vote

Following the approval of harsh new sanctions by the U.N. Security Council, the European Union is considering taking additional measures against North Korea in a demonstration of solidarity with South Korea and Japan, two of its major trading partners.  According to one EU diplomat involved in the discussion of further measures, the European Union is "...supporting [its] allies Japan and South Korea, who are directly threatened by North Korea's aggression".

Europol Supports Europe-Wide Crackdown on Cocaine-Trafficking Balkan Organized Crime Group

As Europol reported on March 1, the Croatian police have arrested 13 suspects belonging to a Balkan Organized Crime Group that was responsible for importing large amounts of cocaine from South America to Europe by way of the Netherlands.  The investigation that led to the arrests was known as Operation DANUBE.

Spanish Unit of Chinese Bank Is Raided

The Spanish police raided the Madrid subsidiary of the Industrial and Commercial Bank of China on Wednesday and arrested five of the subsidiary's directors.  The bank, one of China's largest, has been accused of helping several Chinese and Spanish criminal syndicates commit financial fraud, according to Europol, the police agency of the European Union.

CWRU School of Law to Offer New Executive Master's Degree in Financial Integrity Along With the Creation of Its New Financial Integrity Institute

The Case Western Reserve University School of Law is introducing an Executive Master of Arts in Financial Integrity (MAFI) program, which will begin in the fall of 2016.  The program was created in response to demands by financial institutions and government agencies for superior compliance experts in the areas of countering money laundering, the financing of terrorism, and the evasion of financial sanctions.

Reps. Maloney, King and Senator Whitehouse Introduce Bills to Stop Anonymous Money Laundering Operations by Requiring Disclosure of Shell Corporation Beneficial Owners

On February 3, Representatives Carolyn B. Maloney (D-NY-12) and Peter King (R-NY-2) reintroduced their legislation in the House of Representatives to make it obligatory for a corporation to disclose its beneficial owner.  This action follows the activist organization Global Witness' publication last week of a groundbreaking investigation that demonstrated that disclosure laws in the United States are easily manipulated and exploited. The findings of the investigation reveal the ugly truth that U.S.-based shell corporations are commonly used to launder money connected to criminal activites.

Money-Laundering Sting Targets Property Owners

The activist organization Global Witness released a report on January 31st that stated that three New York real estate lawyers had been recorded giving advice on how to move suspect money into the United States. Global Witness' report is the product of an undercover investigation that this nonprofit organization carried out as part of its push for stricter money-laundering rules. According to Global Witness spokeswoman Stefanie Ostfeld, it "...wasn't hard to find lawyers to suggest ways to move suspect funds into the United States".

'Affluenza' Teen May Move to Adult Jail

Ethan Couch, the Texan teenager who used an "affluenza" defense in a drunk-driving crash that killed four people, is currently being held in a juvenile detention center in Texas.  Couch was arrested on December 28 after he and his mother fled to Puerto Vallarta, Mexico in an attempt to avoid the consequences of violating the terms of his probation.  These terms do not allow him to consume alcohol or to leave the United States.

Bruce Zagaris has co-authored a new book - Business Ethics: A Guide to Surviving Storms, Challenges, and Ethical Risks

Bruce Zagaris has co-authored  Business Ethics: A Guide to Surviving Storms, Challenges, and Ethical Risks. 

The publisher is now accepting pre-orders.


By Adriana Sanford, Bruce Zagaris, Brad Holcomb, Wilfried Grommen

Published by Pearson Custom Publishing

Copyright © 2016

Bruce Zagaris authors new article on recent developments in U.S.-Cuba Relations

U.S. and Cuba Swap Alleged Spies, Agree to Remove Economic Sanctions, and Normalize Relations

By Bruce Zagaris

On December 17, 2014, the United States and Cuba exchanged prisoners and agreed to normalize relations, demonstrating how international enforcement cooperation remains in the forefront of the thaw in relations.

Bruce Zagaris authors report on International Asset Forfeiture and Recovering Proceeds from Illegal Elephant Poaching

Bruce Zagaris has written a 119-page reporting, entitled “International Asset Forfeiture:Recovering Proceeds from Illegal Elephant Poaching.The report was done funded by and prepared for the Richardson Center for Global Engagement.This report examines the money laundering prosecution and international asset recovery policies, laws, regulations and practice of five countries with respect to elephant poaching and ivory trafficking. 

INTERPOL Deployed to Assist Kenyan Investigation Into Terror Attack

An Interpol Incident Response Team (IRT) was deployed to Kenya at the request of Kenyan authorities. Following the Westgate shopping center terror attack, the IRT will carry out an on-site investigation of the DNA, fingerprints, and other evidence from the crime scene.
The IRT arrived in Nairobi on September 25, 2013 and will help speed up the dissemination of forensic information and photographs of the suspected terrorists to the 190 countries in the INTERPOL network to identify any potential leads.