Issues Regarding the Task Force

Senators Introduce Bill to Stop Offshore Tax Havens

July 13, 2011

WASHINGTON, DC – Sen. Carl Levin, D-Mich., and several other senators have introduced a bill to close offshore tax loopholes and strengthen offshore tax enforcement.

More Asset Searches Lead to ‘Front Men’

June 8, 2011

WASHINGTON – A recent spate of legal cases offers a preview of how anticorruption officials could pursue ill-gotten assets of toppled leaders in places like Egypt and Tunisia: Increasingly, prosecutors are going after not only corrupt politicians, but the lawyers and other professionals who may have helped them move cash.

Anti-Money Laundering Risk Revolution Planned by Government

June 8, 2011

LONDON – The government is proposing to scrap more than two dozen criminal penalties underlying anti-money laundering procedures to encourage business to adopt a risk-based approach.

How a big US bank laundered billions from Mexico’s murderous drug gangs

April 3, 2011

As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored

Vatican anti-money laundering law goes into effect; people bringing $14K inside must declare

April 1, 2011

VATICAN CITY — The Vatican issued a new rule Friday requiring anyone bringing €10,000 ($14,000) or more into Vatican City to declare it, the latest initiative by the Holy See to come into compliance with international finance norms.

Officials rule out amnesty for black money transaction

March 1, 2011

NEW DELHI – While the Union budget disappointed those hoping for an amnesty scheme for black money transactions, top North Block officials virtually ruled out any such plan in the future.

Global vigilance urged over politicians’ cash

March 1, 2011

LONDON – An international financial-crime watchdog was urged not to relax its stance on monitoring political officials in light of the desperate scramble to freeze the assets of recently deposed leaders in the Middle East and North Africa.

Five-fold plan to catch tax dodgers

February 28, 2011

NEW DELHI – Stung by the opposition charge that it hasn’t taken enough steps to crack down on corruption and black money, the government today said it had adopted a five-fold strategy to tackle the generation and circulation of black money.

Feature: Teodorin’s World

February 22, 2011

Playboy bunnies. $2 million Bugattis. Bags full of cash. Meet the world’s richest minister of agriculture and forestry.

Where has Mubarak stashed his millions?

February 14, 2011

Global efforts are intensifying to seize assets belonging to Egypt’s former president Hosni Mubarak following the revolution in the north African nation.

New Federal Rule Allows NOAA to Deny Port Entry to Illegal Fishing Vessels

October 13, 2010

WASHINGTON, DC — A new federal rule will allow NOAA’s assistant administrator for fisheries to deny a vessel entry into a U.S. port or access to port services if that vessel has been listed for engaging in illegal, unreported and unregulated (IUU) fishing by one of the world’s international fishery management organizations. The rule takes effect on Oct. 27, 2010.

Lax UK bank oversight aids Nigeria graft -watchdog

October 11, 2010

LAGOS, Oct 11 (Reuters) – Britain needs to enforce money laundering regulations more strictly after some of its leading high street banks accepted millions of pounds in deposits from corrupt Nigerian politicians, a graft watchdog said on Monday.

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