Apr
17
2012
The International Enforcement Law Reporter is a monthly print and online journal covering news and trends in international enforcement law.
Since September 1985, the International Enforcement Law Reporter has analyzed the premier developments in both the substantive and procedural aspects of international enforcement law. Read by practitioners, academics, and politicians, the IELR is a valuable guide to the difficult and dynamic field of international law.
On April 12, 2012, the Israeli media reported that Bank of Israel Governor Stanley Fischer is considering asking the cabinet to reach a tax agreement with the United States to calm Israeli banks about strict new U.S. tax regulations on Americans living abroad.
On April 15, 2012, in response to growing bilateral and multilateral dialogues on citizen security, the U.S. President Barrack Obama and Colombian President Juan Manuel Santos announced on the margins of the VI Summit of the Americas in Cartagena, Colombia, that they agreed to deepen coordination of ongoing security cooperation activities throughout the hemisphere and West Africa. Both presidents agreed to formalize this coordination in the form of a U.S.-Colombia Action Plan on Regional Security Cooperation.
IELR editor-in-chief Bruce Zagaris has written an article for Tax Notes International, titled U.S. Senate’s Passage of Anti-Tax-Haven Provisions Would Be Counterproductive. Read the full article here.
On April 11, 2012, the European Commission issued a report on the application of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing.
On April 10, 2012, the European Court of Human Rights (ECHR) ruled that Britain can extradite five suspects to the United States to face terrorism charges. The individuals had challenged the extradition by claiming that life imprisonment in a U.S. maximum security facility amounted to a violation of their human rights. The conditions in U.S. prisons, according to the ECHR, did not constitute inhumane or degrading treatment.
On April 5, 2012, the Office of the Comptroller of the Currency (OCC) issued a cease and desist order against Citibank, N.A., Sioux Falls, South Dakota, for violating the Bank Secrecy Act (BSA) and its underlying regulations.
The order requires the bank to take comprehensive corrective actions to improve its BSA compliance program.
The Swiss Government has issued arrest warrants for 3 German tax officials accused of stealing a CD containing information on possible tax evaders. Switzerland is also demanding the extradition of the officials, though the German government is unlikely to cooperate. The information contained on the CD has led to over 1,000 prosecutions of potential German tax-evaders who were using Swiss banks.
Since 2009, the Palestinian Minister of Government has asked the International Criminal Court (ICC) in the Hague to extend their jurisdiction to Israel's alleged war crimes in Gaza. However, Palestine's lack of statehood prevents it from bringing cases to the ICC. This week, the ICC Chief Prosecutor stated that the question of Palestine's statehood is one for the UN, not the ICC. The ICC has declined to pursue an investigation into alleged war crimes commited by Israel against Palestine in 2002.
