FATCA AND THE US – DUTCH INTERGOVERNMENTAL AGREEMENT
Dutch IGA published
In connection with the Foreign Account Tax Compliance Act (“FATCA”), the government of the Netherlands entered into a Model 1 Intergovernmental Agreement (“IGA”) with the United States (click here). Under the Dutch IGA, Netherlands financial institutions would report required information to the Netherlands tax authorities, followed by an automatic exchange of the reported information to the IRS.
The Dutch IGA, entered into on December 18, 2013, is substantially similar to the Model 1A IGA that includes a reciprocal approach for the sharing of information between the two governments. Article 3 paragraph 7 of the …
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CURACAO MINISTER OF JUSTICE VERSUS PROCURATOR GENERAL
A Minister should not interfere in a criminal investigation
On 25 April 2012 the Curacao Minister of Justice (‘MofJ‘) Elmer ‘Kadè’ Wilsoe submitted an official request in a letter to the American Minister of Foreign Affairs Hillary Clinton to raise the attachment of the bank balances of lottery owner Dos Santos in the United States. Those attachments were made at the request of the Public Prosecutions Department (‘PPD‘) in Curacao in connection with a current criminal investigation (the ‘Bientu investigation‘).
However, a Minister should not interfere in a criminal investigation. Strict rules apply to this. And once a criminal case …
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