Search Results for: European Court of Justice⊂mit=Search

Halal experts and animal welfare activists around the world are seeking common ground on how to keep and slaughter animals in the most humane ways possible. Halal certification systems that forbid pre-slaughter stunning as haram is becoming an increasingly acute issue for countries with strong animal welfare culture traditions and growing Muslim populations.…

The Bangladesh food industry is increasing its efforts to export halal foods to Muslim majority population countries. A senior government delegation is planning to visit Turkey and Indonesia this year to gather facts and advice on improving Bangladesh sales in these countries of halal food.…

The comprehensive set of reforms to the European Union (EU) AML/CFT system the European Commission proposed July 20 through a package of four legislative initiatives (1) could eliminate weaknesses in the fight against dirty money, but success will still hinge on implementation in the member states, experts have argued.…

Madagascar’s textile and clothing sector is recovering from the heavy toll taken by the Covid-19 pandemic, initially causing the loss of 11,384 jobs according to government figures released in September 2020, reflecting a steep loss in output. According to Madagascar business association the Groupement des Entreprises Franches et Partenaires, this initially resulted in a drop of 47% in apparel turnover in an island nation whose economy was already under pressure before being hit by a Covid-19-led recession.…

The Romanian clothing industry has been badly hit by the Covid-19 pandemic, with supplies of raw materials from China and exports to Italy disrupted, with the pandemic also choking off labour supplies, which were already a problem for this near-sourcing hub.…

European Union (EU) law enforcement agencies have reported their capacity to request evidence from foreign-based online service providers (OSPs) declined during the Covid-19 pandemic, even as the disease prompted a surge in cybercrime. The third annual SIRIUS European Union Digital Evidence Situation Report (1) from Europol, Eurojust and the European Judicial Network noted that almost half of police officers surveyed said that their need for electronic evidence increased since Covid-19 took hold in March 2020, but about 25% reported that their capacity to request e-evidence from OSPs decreased.…

Are people with specific personality traits more prone to commit frauds than others? Psychological researchers and experienced anti-fraud professionals agree that this is indeed the case.

A study into the motivation of cyber-fraudster, written by a researcher at Perdue University, Indiana, USA, last year (2020) concluded that individuals with higher levels of narcissism had “higher capabilities to commit online fraud”.…

THE INTERNATIONAL Sustainability Standards Board (ISSB) will start work in early 2022, based in Frankfurt, Germany, and Montréal, Canada, the IFRS Foundation Trustees have announced at the COP26 climate change meeting in Glasgow, Scotland. The trustees added that the new body would by next June (2022) incorporate the work of the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (VRF), which itself includes the Integrated Reporting Framework and the Sustainability Accounting Standards Board (SASB).…

Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world.…

Oil-service provider Petrofac is to pay out a total GBP77 million (USD104.6 million) after pleading guilty to seven separate counts of failure to prevent bribery to win over GBP2.6 billion (USD3.5 billion) in Middle East contracts. In a case brought by the UK Serious Fraud Office (SFO), Her Honour Judge Deborah Taylor October 4 sentenced the Jersey-based contractor in Southwark Crown Court to pay GBP47,197,640 (USD64,208,613) in fines, a GBP22,836,985 (USD31,066,704) confiscation order plus the SFO’s GBP7 million (USD9.5 million) costs.…