Could it be? You mean another country found a way to punish criminal acts and then use it as a deterrent? Why yes, by George I think they have it!
This is not Rocket Science. It's common sense and doable.
Who you elect to office will determine if this kind of common sense approach will become part of our solution. If you keep sending the people who got us into this mess to begin with, back to Washington, then you are giving them a free pass to cheat and steal from you over and over and over again. How dumb would that be?