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Israel: Attorney General Announces Intent to Indict Prime Minister for Bribery, Fraud, and Breach of Trust, Pending a Hearing

(Mar. 5, 2019) On February 28, 2019, Israeli Attorney General Avichai Mandelblit announced his intention to indict Prime Minister Benjamin Netanyahu on corruption charges stemming from three investigations, pending a hearing. (The Attorney General, The Decision of the Attorney General Regarding the Cases Under Investigation in Which the Prime Minister Was Questioned as a Suspect […]

Japan: Law to Regulate Ticket Resales Enacted

(Jan. 24, 2019) With the 2020 Summer Olympics due to begin in Japan in July 2020, the Diet (Japan’s Parliament) has enacted a law aimed at preventing Olympic tickets from becoming unaffordable because of ticket scalping. ([Tokyo Olympics] Ticket Resale Law Will Provide Penalty, Imprisonment up to 1 year: Liberal Democratic Party Members, SANKEI (Mar. 6, […]

Italy: EU Regulation on the Abuse of Markets Implemented

(Jan. 15, 2019) On September 29, 2018, new legislation implementing an EU regulation concerning the abuse of markets entered into force in Italy. (Legislative Decree No. 107 of August 10, 2018, Provisions Adapting Domestic Legislation to the Provisions of EU Regulation No. 596/2014 on the Abuse of Markets and Repealing Directives 2003/6/CE, 2003/124/UE, 2003/125/CE and […]

Germany: Court Holds That Bitcoin Trading Does Not Require a Banking License

(Oct. 19, 2018) On September 29, 2018, the Higher Regional Court of Berlin (Kammergericht Berlin, KG Berlin) held that trading in Bitcoin does not require a banking license because Bitcoin is not a financial instrument, in particular, not a unit of account, within the meaning of the German Banking Act. The defendant was therefore not […]

Liechtenstein: Government Adopts Consultation Report on Draft Blockchain Act

(Sept. 20, 2018) On August 28, 2018, the government of Liechtenstein adopted a consultation report on a proposed Blockchain Act. The goal of the Blockchain Act is to take advantage of the potential of blockchain technology, create legal certainty for market participants, protect users of blockchain technology from potential abuse, and reduce potential reputation risks […]

Iran: IMF Evaluates Iran’s Legislative and Institutional Efforts to Combat Money Laundering and Terrorism Financing

(Apr. 13, 2018) In its March 2018 report assessing the economic situation in Iran, the International Monetary Fund (IMF) found that Iran had made progress in reforming its policies on combating money laundering and the financing of terrorism and was taking steps to improve the country’s connections to the international banking and trade system. (IMF, […]

Colombia/Mexico/United States: Joint Strategy on Transnational Crime

(Jan. 26, 2018) On December 6–7, 2017, the attorneys general of Colombia, Mexico, and the United States participated in the Trilateral Summit Against Transnational Organized Crime, whose goal was to “renew the existing commitment to international judicial cooperation and to deepen joint strategies in the fight against transnational organized crime.” (Press Release, US Department of […]

Japan: Supreme Court Says Pretense of Being Deceived Did Not Affect Responsibility for Attempted Fraud

(Jan. 11, 2018) On December 11, 2017, Japan’s Supreme Court rendered a decision in a fraud case in which the victim cooperated with the police investigation after she realized the fraud had occurred. (Sup. Ct., Case No. 2017 (a) 1079 (Dec. 11, 2017) (click characters beside PDF icon at the bottom) (in Japanese).) In this […]

European Union: Twenty Member States Create European Public Prosecutor’s Office

(Oct. 25, 2017) On October 12, 2017, the 20 European Union (EU) Member States that had agreed to establish a European Public Prosecutor’s Office (EPPO) within the framework of enhanced cooperation adopted a regulation that establishes the EPPO. The EPPO will be in charge of investigating, prosecuting, and bringing to justice the perpetrators of, and […]

India: Supreme Court Upholds Mandatory Use of Biometric Identification for Filing Taxes and Tax Account Applications

(July 21, 2017) India’s Supreme Court, on June 9, 2017, upheld the constitutional validity of section 139AA of the Income Tax Act, 1961, which made the Act’s biometric-based identification project, Aadhaar, mandatory for filing income tax returns and applying for Permanent Account Numbers (PANs). (Binoy Viswam v. Union of India & Ors., (2017), Supreme Court […]