The International Enforcement Law Reporter

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.

DOJ Settles with Korean Company over Bid-Rigging

The Department of Justice announced on April 30, 2012, that it had reached a plea agreement with an executive at Hitachi-LG Data Storage Inc, a Korean-based company.  The executive will plead guilty to conspiracy to commit bid rigging, and serve a U.S. prison sentence.  The executive was charged with violating the Sherman Act by pre-planning the bidding on the sale of optical disk drives.  The case is notable in that it illustrates the reach of the U.S. Department of Justice, as the the company was a Korean and Japanese joint venture.  Three other executives at Hitachi had already reached similar agreements with the Department of Justice.

ATF Traces 68,000 Guns in Mexico to U.S. Origin

The Bureau of Alcohol, Tobacco, Firearms and Explosives released data on Thursday, April 26, showing that the Mexican government has recovered 68,000 guns in the past five years that originated in the United States.  Many of the weapons were recovered from drug cartel members, who are responsible for the deaths of over 47,000 people in Mexico during the past six years.  While the statistics have caused some tension between the Mexican and U.S.

Ex-Liberian President Found Guilty of War Crimes

On April 26, 2012 the judges of Special Court for Sierra Leone delivered a guilty verdict in the trial of Liberia's former president, Charles Taylor, on 11 counts of war crimes and crimes against humanity. Taylor had been charged with 11 counts of war crimes, ranging from murder to sexual slavery, which occured during Sierra Leone's civil war in the 1990s. Taylor, who will be imprisoned in a maximum security prison located in Britain, will be sentenced at a later date.  Taylor is also the first head of state to be convicted by an international court.

Special Court for Sierra Leone Judgment

U.S. Court Enters Final Forfeiture Order for over $16Million of Wegelin Correspondent U.S. Account

On April 24, 2012, Preet Bharara, the United States Attorney for the Southern District of New York, announced  that U.S. District Judge Laura Taylor Swain entered a default judgment and final order of forfeiture for over $16 million seized from the U.S. correspondent account of Wegelin & Co., a Swiss private bank.  The funds will be deposited in the Treasury Forfeiture Fund. 

President Obama Announces Measures to Prevent International Atrocities

On April 23, 2012, speaking at the U.S. Holocaust Memorial Museum in Washington, D.C. to observe a Day of Remembrance for the victims of the Holocaust, U.S. President Barack Obama announced three initiatives to prevent the occurrence of international atrocities.

He announced the issuance of an executive order that authorizes new sanctions against the Syrian and Iranian government and those that help them for using technologies to monitor and track and target citizens for violence. 

IRS Issues Final Regs on Reporting Interest Paid to Nonresident Aliens

On April 17, 2012, the U.S. Department of the Treasury and IRS issued final regulations and a revenue procedure implementing the final regulations regarding the reporting requirements for interest that relates to deposits maintained at U.S. offices of certainfinancial institutions and is paid to certain nonresident alien individuals. These regulations will affect commercial banks, savings institutions, credit unions, securities brokerages, and insurance companies that pay interest on deposits.

Israel Central Bank Governor Considers Asking Cabinet to Negotiate FATCA Agreement with the U.S.

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.

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