Search Results for: japan⊂mit=Search
10 results out of 480 results found for 'japan⊂mit=Search'.
NEW GOVERNMENT IN AUSTRALIA – BUT WILL ROBUST AML/CFT REFORM FOLLOW?
Australia’s commitment to strengthen its anti-money laundering legislation is now an eight-year-old promise that has yet to be fulfilled. However, with a change in government in May 2022, with the Labor Party taking power after nine years of government by the right-centre Liberal-National Coalition, there is renewed hope that reform could finally be delivered.…
MEAT-LOVING GERMAN CONSUMERS ALSO RECEPTIVE TO VEGETARIAN MEAT ALTERNATIVES
GERMANY, a market known for meat consumption, is increasingly trying out plant-based alternatives and has developed one of the largest and fastest-growing meat substitute markets in Europe. As a result, German producers are largely focused on growing the domestic market, with limited exports to other European Union (EU) countries.…
EU COUNTRIES LAGGING ON BUILDING PUBLIC UBO REGISTERS
European Union (EU) member states are lagging in compliance with a requirement in the fifth anti-money laundering directive (5 AMLD) (1) to create public ultimate beneficial ownership (UBO) registers by January 10, 2020. A European Commission webpage (2) on 5AMLD compliance last updated June 2 (2022) shows 12 governments are facing infringement proceedings either because they have not adopted legislation writing the directive fully into national law or because they have implemented it incorrectly.…
EU UBO REGISTER IMPLEMENTATION TABLE
PUBLIC UBO REGISTERS IN THE EU MEMBER STATES |
|
|
|
|
|
EU member state |
Public UBO Register Y/N |
Name and link |
Access |
Fees |
Infringement proceedings* Y/N |
Austria |
Y |
Registration |
EUR3 per statement paid in advance using Mastercard, Visa or EPS online payments |
Y |
|
Belgium |
Y |
Digital Registration Only nationals and EU citizen |
EUR1.50 per request |
N |
|
Bulgaria |
Y |
Open and available in English as well as Bulgarian |
No |
N |
|
Croatia |
Y |
Registration Only nationals and EU citizen |
No |
N |
|
Cyprus |
Not really – Since June 1, 2022 possible to submit written application for information but no direct public access
|
Written application including name and registration number of the company for emailed response |
EUR3.50
|
N |
|
Czech Republic |
N |
N/A |
N/A |
N/A |
Y |
Denmark |
Y |
Denmark Central Business Register (Centrale Virksomhedsregister [CVR]) |
Public |
No |
Y |
Estonia |
Y |
Public |
EUR1 |
Y |
|
Finland |
N |
N/A |
Journalists, but not general public |
EUR7 per statement & EUR12 delivery and invoice costs. |
VENDORS KEEP PUSHIING HIGH TECH CDD SOLUTIONS – COULD THEY ENABLE A NEW MODEL FOR AML?
Vendors continue to roll out what they claim are ever more powerful CDD/KYC systems, helping enable compliance with increasingly comprehensive ultimate beneficial ownership (UBO) laws.
But do these technologies offer the AML community the potential to consider a new model – focusing on robust CDD by obliged entities, without the need to report STRs, and relying on better financed law enforcement to demand information via subpoenas to firm up ML cases?…
CHARACTER-BASED RECRUITMENT MAKES SENSE AS FRAUD CASES GROW FAST
With corporate fraud rising fast, “hiring for character as well as competence is now the hottest trend” in recruitment practice, Bruce Weinstein, a high-profile USA-based business ethics speaker has told Fraud Intelligence. Securing honest senior managers and board members matters, said the self-styled ‘The Ethics Guy’, who has worked for All State Insurance, the National Football League, Northrop Grumman, the South Carolina National Guard, and more: “It is not only possible to do this; it is essential,” Mr Weinstein stressed.…
INDIAN PASHMINA PRODUCTION TO RECEIVE BOOST FROM GEOGRAPHICAL INDICATION PROMOTION
India’s production of pashmina, the most exclusive of the cashmere fibres, is to receive an important government boost through acquiring a geographical indication (GI) from India’s Geographical Indications Registry for product sourced and spun in the Himalayan region of Ladakh.
The government of the union territory of Ladakh, which runs the mountainous territory in which Indian pashmina is producer applied for the GI certificate last year (2021) and hopes to receive authorisation the next few months.…
STIFF REGULATORY TAILWINDS IMPEDED GROWTH OF CBD OIL SECTOR ON BOTH SIDES OF ATLANTIC
Cannabidiol oil, or CBD oil, has steadily become a more in demand commodity supplied by the bio-based oils and fats industry due to rising product usage in food, pharmaceuticals, supplements, nutraceuticals, lotions, shampoos, soaps, bath gels, massage oils and cosmetics.
Product developers stress how CBD products can provide consumers with relief for anxiety, depression and post-traumatic stress disorder.…
TECHNICAL ROUND UP – ISSB RELEASES STRATEGY TO SPREAD SUSTIANABIUTY REPORTING BASELINE GUIDANCE WORLDWIDE
The International Sustainability Standards Board (ISSB) has released its strategy to create a “global baseline” of guidance on how companies and public organisations should make disclosures on their impact on the environment and society. It will try to release this core advice by the end of the year.…
MAJOR COMPANIES SHOULD INVEST IN ANTI-FRAUD TECH AS BUSINESS DIGITISES, ACFE CONFERENCE TOLD
Sophisticated technologies offer companies the chance to better fight fraud and corruption, even if such tech also aids criminals. The international Association of Certified Fraud Examiners (ACFE) discussed the latest trends at its annual conference in Nashville, USA, from June 20-22.…