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Published Oct 23, 21
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Well, thanks quite. I wish to give you all a break for a minute and transform to Mr. Swartz. You've been extremely patient, the 3 of you. I appreciate that significantly. Generally, we would certainly have had 2 panels, yet we really did not know how the Senate would be operating today, so in an effort to make certain we survived all the treaties today, we did this as one panel.

Swartz, you explain in your testament as well as your declarations that the treaty with Bermuda likewise punctures financial institution privacy and also offers a system for us getting the information we need. There have been some common lawful help treaties which contain stipulations related straight to sharing financial institution records or various other economic details.

That was a provision that was drafted and embraced in the context of the E.U.

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Under that provision, arrangement's possible for the requesting party to event 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 asked for. Afterwards, the demand, if there is a recognition of an account, need to be adhered to up with a basic mutual legal assistance treaty.

As well as with regard to Bermuda, our record of collaboration has been very great. Our company believe that the record we carry the manufacturing of records, consisting of financial institution documents, is such that we are certain that the arrangements included in this shared legal aid treaty, which do require cooperation on the production of records, will be sufficient to make certain that we acquire the records we need for our financial examinations as well as various other examinations.

Some various other MLATs additionally enable for urgent, non-written form requests to be made. Mr. Chairman, while it is real that the Shared Lawful Assistance Treaty does call for requests in written type, it was the judgment of the negotiators that it sufficed that, in this instance, with regard to Bermuda, we would be able to obtain prompt actions to our demands and also supply such actions to Bermuda's demands, particularly since we have a technique currently established that will certainly proceed, we believe, under the treaty of being able to convey those requests via e-mail or via fax.

Senator Cardin. Mr. Johnson. Mr. Johnson.

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Bermuda resisted that because they intended to make certain that the requests were clear and in an extra formal method. Yet in the settlements, it likewise became clear that they approved that such demand can be made by fax or by e-mail. So the actual problem they were concerned regarding was not locating a quick ways to make a request, however truly just taking dental demands off the table.

So we're confident that we have actually obtained the methods in position that we can make immediate demands of them in a means that will be reliable. Mr. Swartz. Mr. Chairman, if I might add, as a matter of fact, while it is a benefit to be able to make dental requests, in method, it's extremely uncommon that we do so.

Senator Cardin. My primary problem is just, in urgent issues, that it's not delayed. As well as with modern communication, it appears to me that can possibly be dealt with. I'm much more concerned about financial institution documents. Mr. Johnson, do have any remarks on the bank documents problem? Mr. Johnson. Once again, not specifically on the financial institution issue.

The difference between being able to do an oral request or being able to make use of one of these other very fast ways, we assume, is not substantial. Senator Cardin. There've been some problems elevated concerning the adequacy of Bermuda regulation with respect to forfeits of profits and also agencies of criminal offenses.

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Swartz. Mr. Chairman, we are. Of program, the growth of forfeiture regulation is a vital and also dynamic matter. We've seen a variety of adjustments throughout the years, including here in the United States. The Shared Legal Aid Treaty in Post 17 does obligate Bermuda to supply support to the United States in procedures associating to forfeiture of proceeds and agencies of criminal activity, to the degree permitted by the legislation of Bermuda.

We've had 2 instances of effective requests for restraint as well as forfeit of properties. Both instances were a success and we were able to obtain the funds. As a basic matter, assistance is readily available under the laws of Bermuda, as well as I do assume that is necessary to stress and anxiety, with regard to cold, seizing, and also limiting possessions, consisting of for matters associating with terrorism as well as terrorism funding.

But it should be noted that forfeit aid is not limited to what is allowed under Bermuda's residential regulation. With respect to a UNITED STATE order, Bermuda can not waive a particular instrumentality of nondrug offenses, because that power doesn't exist domestically. Again, that's restricted to instrumentalities in nondrug crime instances.

Legislator Cardin. In the Bermuda arrangement, there's a provision that is not unfamiliar to us, where Bermuda can reject teamwork in capital cases.

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Are we impeded as an outcome of that or is there a method in which we are able to cooperate under this treaty, also in those cases? Mr. Chairman, we think and also we hope we still would be able to comply.

We have that experience with various other nations that have put comparable interpretations on the mutual lawful support obligations, and we have actually been able to work out arrangements in a number of instances that permit us to acquire proof or go over whether the proof is substantial enough to go forward with some kind of additional actions being taken.

Mr. Johnson. Mr. Johnson. Yes, Senator, if I might simply contribute to that, one of the factors this treaty took as long it did to work out and also end is since it was very important to us to ensure that there had not been a specific limitation on support in capital instances in the treaty itself.

Swartz pertaining to you. Which way we think that aids keep the concept that is essential to us, that such cooperation needs to be offered, irrespective of the type of situation. As well as we assume this has actually also substantiated with some other nations, where despite comparable problems regarding teamwork in funding cases, they have, for instance, been able to offer support to the nonpenalty phase of a trial or an additional celebration examination.

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Senator Cardin. They do hold the right under this treaty to refute collaboration where the United States criminal justice system is seeking capital punishment? Mr. Johnson. Legislator, they hold the right under the treaty to not provide support if are contrary to public law or their necessary interests, and also they have told us that they translate that to enable them, in capital punishment situations, to exercise that.

I simply desired to make it clear that they would not be an infraction of the treaty. We recognize their analysis, that if there was a situation pending here that we needed their assistance, where, clearly, the prosecutors were looking for the fatality fine, Bermuda can choose not to comply under this treaty.

If I might state, Mr. Chairman, notably, the treaty would require, considering that this would be a denial under Article 3 of the treaty, that first there had to be assessments with the United States, prior to that denial might go onward. And I think that's an essential facet of the arrangement that Mr.

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Rather than having an explicit provision, arrangement is one of a set of collection under problems assistance may aid might after refuted, and, among other amongstVarious other that there must be have to as to whether assistance can help given, provided to such conditions as problems requested country asked for necessaryRegards

And I think that would be practical for us to have that information in this board. Mr. Swartz. Thanks. foreign tax credit. We would certainly rejoice to provide that. Legislator Cardin. Ms. Mc, Carthy, you have the most convenient job here, given that this agreement was formerly approved by this committee. As I stated in my opening, we authorized it far too late in the 111th Congress for activity.

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Have there been any considerable adjustments in our financial investment relationship with Rwanda since last November when you provided testimony on this treaty? What we have actually seen because last November is a rise in United States financial investment in Rwanda, and I can give you a few instances.

In February of this year, we have Hilton Hotels; it's is going to open up a major resort in Kigali. And, also, Marriott Hotels is entering to help with the nation's expanding hospitality market. So I would state that, provided this pattern of boosted financial investment, that it is essential that the defenses be afforded for them.

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You also stated the fact that the United States is checking out other bilateral investment treaties in Africa. I believe we have five current reciprocal investment treaties in Africa. Can you just share with us various other countries that the United States has shown passion in bargaining treaties?



I assume that completes the examining. We may have some extra concerns for the record. As you understand, the record continues to be open for 24 hrs, so you get a break. That's a pretty rapid turnaround time for this committee. Yet I do value your perseverance with the committee and also thanks extremely a lot for your testament today.

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As established out below, we would like to offer updated information on reported UNITED STATE financial investment task in Rwanda. In 2009, the stock of UNITED STATE foreign straight investment in Rwanda was $1 million (according to the Bureau of Economic Analysis).

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As well as I think that would certainly be valuable for us to have that info in this board. Mr. Swartz. Thank you. We would certainly rejoice to supply that. Legislator Cardin. Ms. Mc, Carthy, you have the most convenient task right here, because this arrangement was previously approved by this board. As I stated in my opening, we authorized it also late in the 111th Congress for action.

Have there been any type of considerable changes in our financial investment connection with Rwanda because last November when you offered testimony on this treaty? What we have seen because last November is a boost in United States financial investment in Rwanda, and also I can provide you a couple of examples.

In February of this year, we have Hilton Hotels; it's is going to open up a major hotel in Kigali. And also, likewise, Marriott Hotels is entering to promote the nation's growing friendliness market. I would state that, offered this pattern of enhanced financial investment, that it is crucial that the defenses be afforded for them.

financiers. Senator Cardin (foreign tax credit). I thanks for that. You also stated the truth that the United States is exploring other bilateral investment treaties in Africa. I think you pointed out another nation. I think we have 5 current reciprocal financial investment treaties in Africa. Can you just show us various other countries that the United States has revealed passion in discussing treaties? Ms.

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Senator Cardin. Thank you. I have actually been informed by the personnel that I need to ask the concern of whether the administration still supports the Us senate approval of the Rwanda treaty, considering that it was held over from the last Congress. For the record? Ms. Mc, Carthy. We absolutely do. Legislator Cardin.

I believe that finishes the questioning. I do value your persistence with the board and also thank you extremely a lot for your statement today.

As set out listed below, we would like to give upgraded info on reported U.S. financial investment activity in Rwanda. In 2009, the supply of UNITED STATE foreign direct financial investment in Rwanda was $1 million (according to the Bureau of Economic Evaluation).

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