Sheila Nemazee is also trying to shield two Italian properties--an apartment in Rome purchased in 2004 for 1.65 million euros and a farmhouse in Puglia purchased in 2006 for 1.75 million euros-- from federal prosecutors, saying they were purchased with funds that were not tied to any fraudulent conduct and belong to her under both New York and Italian law.

FORBES: Page 2 of 2

Similarly, the Department of Interior should not be able to meet its budget reduction by taking mineral revenues, which belong to the states under the law.

FORBES: The 'There You Go Again' Obama Energy Policy

Such accounts belong to the employees and are portable, unlike those under previous schemes.

ECONOMIST: There must be a better way

In Asia countries that belong to APEC are trying to develop a set of regional guidelines for privacy rules under an initiative known as the Data Privacy Pathfinder.

ECONOMIST: Legal confusion on internet privacy