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Published Oct 25, 21
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Well, thanks quite. I intend to offer you all a break for a moment and also turn to Mr. Swartz. You have actually been very patient, the three of you. I value that significantly. Usually, we would certainly have had two panels, but we didn't know how the Us senate would certainly be operating today, so in an initiative to make certain we obtained with all the treaties today, we did this as one panel.

Swartz, you explain in your testimony as well as your declarations that the treaty with Bermuda also pierces financial institution privacy and offers a mechanism for us obtaining the information we need. There have been some common legal assistance treaties that include provisions related straight to sharing bank records or various other monetary details.

That was a provision that was composed and also taken on in the context of the E.U.

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Under that provision, stipulation's possible for the requesting party to seek information look for details whether an account exists in the requested countryAsked for or in the case of instance E.U., one of the requested member statesParticipant After that, the request, if there is a recognition of an account, must be complied with up with a typical mutual lawful assistance treaty.

And when it come to Bermuda, our document of teamwork has actually been excellent. We believe that the record we carry the manufacturing of records, consisting of financial institution documents, is such that we are certain that the provisions included in this common lawful assistance treaty, which do require cooperation on the manufacturing of documents, will be enough to make certain that we acquire the documents we require for our economic examinations and also other examinations.

Some other MLATs also allow for urgent, non-written form demands to be made. Mr. Chairman, while it is real that the Common Lawful Aid Treaty does need requests in written type, it was the judgment of the arbitrators that it was adequate that, in this situation, with regard to Bermuda, we would certainly be able to get prompt reactions to our requests as well as also give such actions to Bermuda's demands, particularly because we have a method already established that will certainly proceed, we believe, under the treaty of being able to communicate those demands via e-mail or with fax.

Senator Cardin. Mr. Johnson. Mr. Johnson.

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Bermuda resisted that due to the fact that they intended to make certain that the requests were clear and in a much more official means. But in the negotiations, it likewise came to be clear that they accepted that such request could be made by fax or by e-mail. The genuine concern they were worried regarding was not discovering a fast means to make a request, however truly just taking oral demands off the table.

So we're confident that we have actually obtained the methods in location that we can make immediate demands of them in a manner that will certainly work. Mr. Swartz. Mr. Chairman, if I may add, in fact, while it is an advantage to be able to make dental requests, in method, it's very unusual that we do so.

Legislator Cardin. My major worry is simply, in urgent matters, that it's not postponed. As well as with contemporary communication, it seems to me that can probably be taken care of. I'm extra concerned concerning financial institution records. Mr. Johnson, do have any type of talk about the bank records problem? Mr. Johnson. Again, not especially on the bank issue.

The distinction in between having the ability to do an oral demand or being able to utilize among these various other extremely quick ways, we assume, is not substantial. Senator Cardin. There have actually been some concerns raised regarding the competence of Bermuda legislation with respect to forfeits of earnings as well as instrumentalities of criminal offenses.

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Mr. Chairman, we are. The Mutual Legal Help Treaty in Article 17 does obligate Bermuda to give aid to the United States in process associating to forfeiture of profits as well as instrumentalities of crime, to the level permitted by the regulation of Bermuda.

We've had 2 examples of effective ask for restraint as well as loss of possessions. Both instances were a success and also we had the ability to acquire the funds. As a basic issue, support is readily available under the laws of Bermuda, and I do assume that is necessary to anxiety, with respect to cold, confiscating, and also restraining assets, including for issues associating with terrorism as well as terrorism funding.

It ought to be noted that forfeiture help is not limited to what is permitted under Bermuda's domestic regulation. With regard to a UNITED STATE order, Bermuda can not waive a particular agency of nondrug offenses, because that power does not exist domestically. However once more, that's limited to instrumentalities in nondrug crime instances.

Senator Cardin. Thank you. Allow me simply ask the general inquiry, and also any one of you can respond to it. In the Bermuda agreement, there's a provision that is not unfamiliar to us, where Bermuda can reject collaboration in resources cases. We comprehend, I recognize that, so I'm not being essential of that provision being consisted of in there.

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Are we prevented as a result of that or exists a method in which we are able to coordinate under this treaty, even in those cases? Mr. Swartz. Mr. Chairman, our team believe as well as we wish we still would be able to coordinate. Bermuda suggested, as well as has advised the United States, that it schedules the right to reject assistance in resources situations where the sentence consists of a possible death sentence, counting on the-- unlike the essential public plan provision of Write-up 3 of the convention.

We have that experience with other countries that have placed comparable interpretations on the mutual lawful aid obligations, and we have actually been able to work out setups in a number of cases that allow us to obtain proof or discuss whether the evidence is substantial enough to go forward with some kind of further actions being taken.

Mr. Johnson. Mr. Johnson. Yes, Legislator, if I can simply contribute to that, one of the factors this treaty took as long it did to work out as well as conclude is due to the fact that it was essential to us to make certain that there wasn't a specific restriction on aid in funding cases in the treaty itself.

Swartz pertaining to you. Which means we assume that aids keep the principle that is essential to us, that such teamwork should be available, irrespective of the sort of instance. And we think this has also substantiated with some other countries, where despite having comparable worries about cooperation in funding cases, they have, for instance, had the ability to offer assistance to the nonpenalty phase of a test or an additional celebration examination.

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They do hold the right under this treaty to deny participation where the United States criminal justice system is looking for resources penalty? Senator, they hold the right under the treaty to not give support in cases that are contrary to public plan or their important rate of interests, as well as they have told us that they analyze that to enable them, in fatality penalty instances, to work out that.

Senator Cardin. I recognize that. I simply wanted to make it clear that they would not be a violation of the treaty. We recognize their analysis, that if there was an instance pending below that we needed their assistance, where, plainly, the district attorneys were seeking the fatality penalty, Bermuda could decide not to coordinate under this treaty (foreign tax credit).

If I might say, Mr. Chairman, notably, the treaty would call for, considering that this would be a denial under Short article 3 of the treaty, that initially there had to be examinations with the United States, prior to that rejection can go ahead. As well as I think that's a crucial element of the negotiation that Mr.

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Rather than having an explicit provision, stipulation is one of a set of conditions under problems assistance may be denied after refuted, appointment, among other things, that there must be need to as to whether assistance can help given, subject to such conditions as problems requested country asked for necessary.

As well as I believe that would be handy for us to have that details in this committee. Ms. Mc, Carthy, you have the most convenient job right here, considering that this agreement was formerly authorized by this board. As I said in my opening, we authorized it too late in the 111th Congress for activity.

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Have there been any type of considerable adjustments in our financial investment partnership with Rwanda given that last November when you provided testament on this treaty? What we have seen since last November is a rise in United States investment in Rwanda, and also I can offer you a few examples.

Likewise, in February of this year, we have Hilton Hotels; it's is mosting likely to open up a major hotel in Kigali. And, additionally, Marriott Hotels is entering to promote the country's expanding hospitality industry. So I would certainly state that, provided this pattern of raised investment, that it is essential that the defenses be afforded for them.

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capitalists. Legislator Cardin. I thanks for that (foreign tax credit). You also pointed out the reality that the United States is exploring other reciprocal investment treaties in Africa. I believe you mentioned one various other nation. I assume we have five present bilateral financial investment treaties in Africa. Can you just show us various other countries that the United States has shown interest in discussing treaties? Ms.

Legislator Cardin. Thank you. I have actually been told by the personnel that I should ask the question of whether the management still supports the Senate approval of the Rwanda treaty, given that it was held over from the last Congress. So, for the record? Ms. Mc, Carthy. We certainly do. Senator Cardin.



I assume that finishes the questioning. We may have some added concerns for the record. As you know, the record continues to be open for 24 hours, so you obtain a break. That's a rather rapid turn-around time for this board. However I do value your persistence with the committee and also thanks extremely much for your statement today.

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As established out below, we would certainly like to provide upgraded details on reported U.S. financial investment task in Rwanda. In 2009, the supply of U.S. foreign straight financial investment in Rwanda was $1 million (according to the Bureau of Economic Evaluation).

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And I believe that would certainly be helpful for us to have that details in this board. Mr. Swartz. Thanks. We 'd be grateful to provide that. Senator Cardin. Ms. Mc, Carthy, you have the most convenient work below, because this arrangement was previously approved by this board. As I stated in my opening, we accepted it far too late in the 111th Congress for activity.

Have there been any type of significant changes in our investment relationship with Rwanda since last November when you gave statement on this treaty? Ms. Mc, Carthy. Thank you, Mr. Chairman. What we have actually seen given that last November is a rise in United States investment in Rwanda, and also I can give you a few instances.

Likewise, in February of this year, we have Hilton Hotels; it's is mosting likely to open a major hotel in Kigali. And, additionally, Marriott Hotels is entering to assist in the nation's expanding hospitality industry. I would certainly say that, provided this pattern of enhanced investment, that it is crucial that the defenses be afforded for them.

You also mentioned the fact that the United States is checking out other reciprocal investment treaties in Africa. I think we have five current bilateral financial investment treaties in Africa. Can you simply share with us other countries that the United States has revealed passion in negotiating treaties?

I assume that finishes the questioning. I do appreciate your perseverance with the board and thank you very a lot for your statement today.

Answer. As laid out listed below, we want to offer updated details on reported U.S. investment activity in Rwanda. Aside from these updates, the responses given by the Division's witness in the 111th Congress stay accurate. In 2009, the supply of UNITED STATE foreign straight investment in Rwanda was $1 million (according to the Bureau of Economic Evaluation).

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