From:
Stephen M. Apatow
Founder,
Director of Research & Development
Humanitarian
Resource Institute
Humanitarian University
Consortium Graduate Studies
Center
for Medicine, Veterinary Medicine & Law
Phone:
203-668-0282
Email: s.m.apatow@humanitarian.net
Internet:
www.humanitarian.net
Inside Job - Prosecution
for Financial Crimes Top Priority - FINCEN - Interpol - IBA: HRI-ICC
During
the acceptance speech for the Academy Award: Best Documentary Film in
2010,
Charles Ferguson shared "Three years years after a horrific
financial
crisis caused by massive fraud, not a single financial executive has
gone
to jail and that's wrong."
Financial crimes outlined in the documentary
"The
Inside Job," [1] have prompted a renewed call for prosecution, to the
fullest
extent of the law, in the United States with a request for assistance
by
the U.S. Department of the Treasury Financial Crimes Enforcement
Network.
[2] For related financial crimes perpetrated outside of the
U.S.,
the call has been extended to the Interpol Financial and High Tech Crimes
Crimes Division, [3] the International Bar Association Human Rights
Institute [4] and International Criminal Court Monitoring and Outreach
Programme.
[5]
The global oil/food crisis, attributed to speculative trading in the
commodities futures market, [6,7,8] remains a critical focus point for
humanitarian
relief efforts. Recently, the World Bank facilitated an Open Forum on
the
Global Food Crisis, [9] and the appeal continues for:
Immediate emergency actions to shut down
speculative paper trading, with futures contracts for delivery only, as
the new mandate for infrastructure
critical commodities futures trading.
As the direct cause of the humanitarian crisis that has
destabilized Africa and the Middle East, and inflicted severe pain on
the grassroots level in every UN member country, it is essential
that pricing of infrastructure critical commodities return to accurate
supply demand metrics. Immediate emergency
assistance is needed in proportion to the damage inflicted by distorted
valuations
following the global market crash of 2008. -- Apatow On G20 Action
Plan
to Address the International Economic Emergency. [10]
Focus points emphasized in the appeal "Financial
Crimes Referred to UN Commission on Human Rights - Security Council" [11] on 13 April 2011:
Efforts to address
this economic crisis through contingency discussions on the UN and
International Bar Association level have failed, prompting the call for
legal review of available evidence by the UN
Commission on Human Rights and Security Council. It is
critical that emergency actions are coordinated to stabilize the global
financial
system and humanitarian emergency that continues to spiral out of
control.
This includes the development of legal tools to (1) assist restructure under bankruptcy protection for all
UN
member countries, (2) address market distortions associated with the
unregulated
global OTC derivatives market and shadow banking system, (3) debt
relief
proportional to resultant damage and (4) emergency humanitarian
assistance
for impacted populations. References:
The
Inside Job Trailer: Sony Picture. Url: www.theinsidejobfilm.com
Financial Crimes Enforcement Network:
U.S. Department of the Treasury.
Url: www.fincen.gov
Interpol Financial and High Tech Crimes
Crimes Division. Url: www.interpol.int/public/financialcrime
International
Bar Association Human Rights Institute Url: www.ibanet.org/IBAHRI.aspx
International
Bar Association ICC Monitoring and Outreach Programme: Url:
www.ibanet.org/Human_Rights_Institute/ICC_Outreach_Monitoring/ICC_monitoring_and_outreach_project.aspx
UN expert urges regulation of commodities
trading to
stop a speculative bubble: AFP, 8 March 2011.
Shortened Url: www.bit.ly/i1Dr8g
No Solutions for Food Crisis
without Human Rights: Office of the High Commissioner for Human Rights.
Url: www.ohchr.org/EN/NEWSEVENTS/Pages/NoSolutionsFoodCrisis.aspx
Special Rapporteur on the right to
food: Office of the High Commissioner for Human Rights. Url:
www2.ohchr.org/english/issues/food/index.htm
Open Forum on the Global
Food Crisis: World Bank. Url:
www.live.worldbank.org/open-forum-food-crisis?cid=EXT_TWBN_D_EXT
G20 Action Plan
to
Address the International Economic Emergency: HRI:UNArts Humanitarian
Intervention Initiative, 16 April 2011. Url:
www.unarts.org/H-II/ref/4162011OHCHR.html
Financial
Crimes Referred to UN Commission on Human Rights - Security Council:
HRI:UNArts Humanitarian Intervention Initiative, 13 April 2011. Url:
www.unarts.org/H-II/ref/4132011OHCHR.html
