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Search Results for: European Union

10 results out of 18004 results found for 'European Union'.

FORMER UNDERCOVER DEA INVESTIGATOR SAYS CULTURE SHIFTS ARE NEEDED TO PROMOTE LONG-TERM PROBES ON ML PROS



A former DEA agent who laundered money undercover to attack the Medellín and Cali cartels has called for a root-and-branch reform of AML, so that its vast resources target the most suspicious transactions and the professional launderers who facilitate them. Speaking to MLB, Robert Mazur, who offered ML services to drug kingpins such as Pablo Escobar in the 1980s and 1990s to undermine their criminal networks, said that many laundering techniques used then are still in use today.…

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MYANMAR POLITICAL AND ECONOMIC DISRUPTION PUSHES CLOTHING ORDERS TO NEIGHBOURING CAMBODIA



Cambodian and Myanmar clothing industry leaders have confirmed a shift in manufacturing orders from Myanmar to Cambodia, caused by the economic and political disruption within Myanmar, since the February 1 coup.

Kaing Monika, deputy secretary general for the Garment Manufacturers Association in Cambodia, told Just Style that brands were starting to redirect orders to Cambodia, seeking more competitive prices, quality, delivery and compliance, but it was unclear if this would lead to factories moving at this point.…

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EU FRAUD ROUND UP – EPPO LAUNCH COMES AS EU INCREASES LAW ENFORCEMENT ACTION AGAINST FRAUD



European Union (EU) law enforcement, perhaps emboldened by the launch of the European Public Prosecutor’s Office (EPPO), has launched a series of cases and inquiries, including against high-ranking politicians accused of corruption. For example, Gabrijela Žalac, Croatia’s regional development and EU funds minister from 2016-9, and three accomplices, have been arrested, on EPPO orders, for alleged fraud regarding the purchase by her ministry of deliberately overpriced software for a public company.…

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BRITISH AND SWISS BANKS FINED EUR344 OVER ‘STERLING LADS’ ONLINE FOREX CARTEL



British and Swiss banks have been fined a total of EUR344 million for operating a cartel coordinating their foreign exchange (forex) spot trades of the world’s 11 most important currencies – USD, EUR, GBP, Japanese Yen, Swiss francs; Canadian, Australian and New Zealand dollars; Danish and Norwegian krone and Swedish Kroner.…

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APPAREL SECTOR: COUNTRY PROFILE BANGLADESH



The second-largest garment exporting country in the world, Bangladesh has grown its position as a key outsourcing hub since the 1980s.  

With a global market share of 6.26%, according to the World Trade Statistical Review 2021 (1), “The industry has come a long way,” said Md. …

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CAP REFORM SHOULD AID DECLINING FARMING POPULATION, SAY EXPERTS



The European Union (EU) dairy industry is looking hard at the new Common Agricultural Policy (CAP) reforms that were approved in June to see if they deliver enough help to rejuvenate what has become an ageing industry. Currently only 11% of EU farmers are less than 40 years old, the European Commission notes (1), a problem highlighted at this year’s European Milk Board general assembly.…

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EUROPEAN UNION ACCOUNTANTS FACE NEW DETAILED DEMANDS ON HOW THEY FIGHT MONEY LAUNDERING



 

Accountants in the European Union (EU) are facing the launch of a more intrusive and proactive legal system fighting money laundering (ML) and terrorist finance (TF), designed to stem the flow of dirty money across borders.

These are huge. Impossible to count accurately, but the UN Office on Drugs and Crime (UNODC) has estimated that USD2 trillion is laundered annually worldwide from all types of crime, from tax evasion to sanctions busting and drug trafficking to white collar fraud.…

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POLAND CAN MANUFACTURING AND FILLING SECTOR OFFERS STRENGTHS IN INNOVATION AND SUSTAINABILITY



The Polish can manufacturing and filling industry continues to attract attention from major buyers and investors from around the world, aware that this strong and innovating national sector is able to rely on a strong, reliable workforce.

Global beverage giant PepsiCo, for example, has been drawn to the Polish can manufacturing industry.…

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The first time that a single engine Gripen fighter plane flew with 100% biofuel, at manufacturer Saab’s facilities in Linköping, in Sweden. CREDIT – Saab AB/ Linus Svensson

CIVIL AVIATION SECTOR PUSHES AHEAD WITH SUSTAINABLE FUEL GROWTH

AVIATION has always been regarded as a tougher sector to convert to low carbon fuels than road transport, because of the high intensity burn required to power planes – which traditionally been supplied by fossil-based kerosene. And a lot is burned.

In 2019, before Covid-19 knocked the industry off a seemingly unstoppable growth trajectory, 95 billion gallons of fuel was burned by commercial airlines worldwide said statistical service Statista.

Speaking to Petroleum Review, International Civil Aviation Organisation (ICAO) deputy director for environmental protection Jane Hupe said analysis undertaken by the UN agency found “that, by 2050, it would be physically possible to meet 100 percent of international aviation jet fuel demand with sustainable aviation fuels, corresponding to a 63 percent reduction in emissions.”…

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TECHNICAL ROUND UP – IOSCO SAYS REGULATORS SHOULD PUSH ESG DATA SERVICE QUALITY



 

The International Organisation of Securities Commissions (IOSCO) has called on regulators to proactivity ensure environmental, social, and corporate governance (ESG) ratings and data product providers perform at a high standard. In detailed guidance, IOSCO noted: “Their significance and usefulness will only continue as capital markets intensify efforts to support the shift towards a net zero economy.”…

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