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Search Results for: European Court of Justice

10 results out of 17556 results found for 'European Court of Justice'.

EU RELEASES REGULATION DEMANDING EXTRA DATA ON NANOPARTICLES IN FINISHING CHEMICALS

 

EUROPEAN Union (EU) textile finishers and their suppliers will from January 2020 have to check whether the chemicals they use contain nanoparticles, and if they do, assess their safety and report the results to the European Chemicals Agency (ECHA). This follows the release of a new EU regulation on nanoforms amending EU chemical control system REACH which will apply to all current REACH registered chemicals and any subject to new registration applications.…

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INTERNATIONAL REGULATORY ROUND UP - RETALIATORY DUTIES ON USA CONFECTIONERY AND INGREDIENTS EXPORTS CHALLENGED AT WTO

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…

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VOLVO RUSSIA CFO STRESSES NEED FOR EMPATHY AND FLEXIBILITY TO SUCCEED IN BUSINESS

There are two displays in the Moscow office of the CFO of Volvo Car Russia, Vladimir Lagutin, that catches the attention, immediately: a large elegantly-framed poster of UK electronic music band Depeche Mode and a case of tennis balls.

“Those things – music and tennis – keep me from being stressed,” says Lagutin.…

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TECHNICAL ROUND UP – BRAZIL TOLD TO SCRAP MANUFACTURING TAX BREAKS

*Brazil has been told to reform tax breaks given to Brazil-based manufacturers of automobiles and information technology products. The World Trade Organisation’s (WTO) appellate body has ruled that they break WTO rules on giving special tax favours to domestic producers over importers.…

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VIETNAM PUSHES FORWARD WITH NEW AML LAW AND ASSOCIATED IMPLEMENTATION GUIDANCE

FINANCIAL institutions and other anti-money laundering reporting sectors within Vietnam have had to grapple, since January 1, with a revised Penal Code, which has changed how money laundering is defined in criminal law.

In its 2018, International Narcotics Control Strategy Report (INCSR), the USA State Department notes that this “revises the money laundering offence and adds criminal liability for legal persons involved in money laundering.”…

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IRAN GIRDS ITSELF AGAINST RENEWED USA SANCTIONS, PLOTS EVASION

With the USA re-imposing sanctions on Iran, and international financial institutions wary of dealing with the country, Tehran is dusting off its pre-2015 sanctions-busting playbook. Old networks are being renewed, including with neighbouring countries and China, but there are more obstacles for the Iranian government to contend with this time around.…

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RUSSIA MONEY LAUNDERING CONVICTIONS OF CORRUPT OFFICIALS RISE – BUT ARE CASES POLITICAL?

THE ENFORCEMENT of Russian anti-money laundering laws is in the rise, although there are concerns that some AML cases have political motivations behind them, even if – ultimately – the evidence demonstrating ML offences took place stands up in court. Between 2012 and 2016, according to research of Russian press reports and official law enforcement agency statements, more than 30 Russian governors and state officials, former and serving, were accused of fraud or [and] corruption.…

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USA CANNABIS AML CONTROLS REMAIN IN ABEYANCE AS LEGALISATION GROWS

THE AMERICAN legal cannabis sector is growing fast and bringing with it a complex and often confusing anti-money laundering compliance system, whose efficient operation is hindered by sometimes contradictory state and federal AML laws and regulations.

As of this November, writing, some 33 US states (including California, the most populous state – of 39.5 million out of the USA’s 325 million) have passed laws allowing for some degree of recreational or medical marijuana legalisation, with 10 states legalising possession and sale without medical justification – Alaska, California, Nevada, Oregon, Washington, Colorado, Michigan, Vermont, Massachusetts and Maine, plus the District of Columbia.…

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LICIT ARMS TRADE LIGHTLY REGULATED BY AML RULES, DESPITE CONCERNS OVER UNETHICAL PRACTICES

The conventional arms trade has a reputation for using side payment sweeteners to secure multi-million dollar deals. But despite allegations of corruption in numerous jurisdictions, the legitimate arms trade is not on the Financial Action Task Force’s (FATF) radar. Should it be?…

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INTERNATIONAL REGULATORY ROUND UP – CHINA KNITTED FABRIC EXPORTS HIT BY AMERICAN DUTIES

CHINESE exports of knitted fabrics have been hit by major USA duties in the latest round of tit-for-tat tariffs imposed in the countries’ ongoing trade war. China exported USD470 million’s worth of knitted and crocheted fabrics to the USA in 2017, according to international trade data.…

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