The Task Force on Financial Integrity & Economic Development is advised by its Economist Advisory Council, an elite team of PhD economists who work in relevant fields. The Economist Advisory Council is comprised of: Dr. Guttorm Schjelderup, Chair
The former ABN AMRO Bank N.V., now named the Royal Bank of Scotland N.V., has agreed to forfeit $500 million to the United States in connection with a conspiracy to defraud the United States, to violate the International Emergency Economic Powers Act (IEEPA) and to violate the...
Action Item: Require that predicate offenses for a money laundering charge are harmonized at the most restrictive level and codified. Background: Under current U.S. law it is legal for American banks to accept the proceeds resulting from handling stolen property, customs crimes, counterfeiting, and trafficking in...