Asset Sharing Agreements
Asset Sharing Agreement With Andorra in 2013
United States views on international law [1] in relation to Asset Sharing Agreement With Andorra: On February 14, 2013, the governments of the United States of America and the Principality of Andorra signed an agreement “Regarding the Sharing of Confiscated Proceeds and Instrumentalities of Crimes.” Article 3 of the Agreement identifies the circumstances in which assets may be shared: when (1) assets are confiscated through cooperation by the other Party; (2) assets are held due to an order issued by the other Party; (3) victims of the conduct underlying confiscation are identifiable and assets are placed in the custody of the other Party. Article 4 relates to requests for sharing of assets. Articles 5 and 6 relate to the method of sharing and the terms of payment.
Asset Sharing Agreement With Panama in 2013
United States views on international law [1] in relation to Asset Sharing Agreement With Panama: On October 22, 2013, the United States and the Republic of Panama signed an agreement regarding the sharing of assets that were forfeited in cases prosecuted in federal court in New York against Speed Joyeros and Argento Vivo for violations of antimoney laundering provisions in U.S. law. The prosecution resulted in the forfeiture of over million. Under the agreement, over million will be transferred to Panama, due to the valuable cooperation the Republic of Panama provided in the prosecution. The agreement entered into force upon signature and was concluded in accordance with the asset forfeiture cooperation provision (Article 14, paragraph 2) in the Treaty between the United States and the Republic of Panama on Mutual Assistance in Criminal Matters, signed April 11, 1991, and entered into force September 6, 1995.
Resources
Notes
- Asset Sharing Agreement With Panama in the Digest of United States Practice in International Law
Resources
Notes
- Asset Sharing Agreement With Andorra in the Digest of United States Practice in International Law
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