Exposing Secret Offshore Bank Accounts: American Law


GAB | The Global Anticorruption Blog

Kleptocrats, drug traffickers, and other big-time crooks face a common problem: How to hide their money from the authorities while retaining easy access to it.  Yesterday former Senate staffer Elise Bean described one common, low-cost, easy solution and how a recent U.S. law has made it far more difficult for American criminals to turn to it. The solution, create a corporation in another country and then open a bank account in that country in the corporation’s name, is now widely known thanks to the Panama Papers.  What Bean offered in her April 26 testimony before a Congressional committee was a step-by-step explanation of how the scheme works and the U.S. law’s success in making it far harder for Americans to take advantage of it.

Committee members peppered her with questions about the law, its effect, and ways to improve its operation.  About the only question they didn’t ask is why…

View original post 614 more words

Zechariah 8


Arlin Sorensen's Thoughts on Scripture

Zechariah 8 has the prophet hearing a direct word from the Lord.  “I have returned to Zion and will dwell in the midst of Jerusalem, and Jerusalem shall be called the faithful city, and the mountain of the Lord of hosts, the holy mountain”.  God’s coming back.  His people and city will be transformed by His presence.  Because of God’s presence the city will be transformed into a place of truth and holiness. When God’s presence is real and embraced in our life, we become people of Truth and Holy people.  God’s power in our lives makes us different people.

Zechariah assures them that things will change.  They have been in bondage and scattered across the nations.  But now they have been restored and while there were many who were unable to make the trip back, life will move toward normal again.  “Old men and old women…

View original post 284 more words

When, If Ever, Does a Favorable Legal or Regulatory Decision Count as an “Emolument”?


GAB | The Global Anticorruption Blog

Last week, I posted about the amended complaint that the Citizens for Responsibility and Ethics in Washington (CREW) filed in its lawsuit against President Trump for alleged unconstitutional acceptance of “emoluments” from various sources. My post last week, like much of the immediate commentary on the amended complaint, focused on the new plaintiffs who had joined the suit, and the extent to which their addition mitigated concerns about whether the court would have jurisdiction to hear the case. But the amended complaint was notable for other reasons. In particular, it fleshed out more details about President Trump’s alleged violations of the Foreign Emoluments Clause, and also added a new set of allegations focused on separate violations of the Domestic Emoluments Clause.

What was most striking to me about the allegations detailed in the amended complaint is that in several cases, the alleged “emolument” is not a monetary…

View original post 1,935 more words