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Full-Text Articles in Law
Following Only Some Of The Money In Russia, Ethan S. Burger
Following Only Some Of The Money In Russia, Ethan S. Burger
Georgetown Law Faculty Publications and Other Works
Russia adopted the necessary legislation so that it was accepted as a member of the Financial Action Task Force (FATF). It is a member of the UN Convention Against Corruption (although it refuses to enact legislation consistent with the obligations under the OECD Anti-Bribery Convention) and fought to prevent an effective mechanism to monitor compliance with the UN Convention. Russia has created state bodies to combat money laundering. Nonetheless, the Russian Federal Financial Monitoring Service appears to be highly selective in the matters it pursues and appears to lack adequate personnel and material resources.
Domestic And External Debt: The Doomed Quest For Equal Treatment, Anna Gelpern, Brad Setser
Domestic And External Debt: The Doomed Quest For Equal Treatment, Anna Gelpern, Brad Setser
Georgetown Law Faculty Publications and Other Works
Until recently, governments borrowed from domestic residents and foreign investors using very different instruments. Residents bought "domestic debt" - paper denominated in local currency and governed by domestic law. Foreign investors preferred "external debt", which offered foreign currency and foreign law. Because there was virtually no overlap between resident and nonresident holdings, it mattered little that lawyers and economists defined domestic and external debt differently: lawyers focused on features such as governing law and jurisdiction, economists on the holder's residence and currency of denomination. The legal and economic definitions of domestic and external debt were effectively bundled: "domestic debt" meant …