Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
NEPAL GOVERNMENT OFFICIALS HOPE AML/CFT REFORMS OF PAST DECADE WILL PROMPT POSITIVE APG REPORT IN UPCOMIGN REVIEW
ANTI-money laundering authorities in Nepal hope an upcoming 2020-21 review by the Asia/Pacific Group on Money Laundering (APG) will conclude this Himalayan state is at least largely compliant with all FATF recommendations and special recommendations, although experts admit the review will be tough.…
LEBANON’S POLTICAL UNREST HAS BEEN PROMOTING MAJOR MONEY LAUNDERING
The large-scale civil protests that erupted across Lebanon in October 2019, and which continue today, have promoted large scale money laundering thought concerted and often successful attempts to avoid capital controls imposed by Lebanese banks to head off failure. Billions of dollars have flown out of the country, the Banque du Liban, the central bank, has warned, while Lebanese consumers have frantically withdrawn deposits as the Lebanese Pound LBP) has devalued against the US dollar – in October it was officially pegged to the US dollar at LBP1,507 and began to trade above that rate after the protests began, reaching LBP2,700 to the USD in March 2020.…
ITALIAN CLOTHING MANUFACTURERS FACE SHORT-TERM DISRUPTION AND MEDIUM-TERM SALES OVER COVID-19
WHILE clothing manufacturers within Italy have not been told to close outright in the country’s bid to fight the Covid-19 virus, many have been subject to major disruption during this health emergency. A drop in demand for clothing and textiles in China and the cancellation of fairs and missions both abroad and in Italy have hit brands hard, with events being called off and many catwalk shows at Milan Fashion Week (18-24 Feb 2020) having taken place behind closed doors as the virus outbreak gathered strength.…
AML/CFT HIGHER LEARNING AND TRAINING STILL DEVELOPING AND MERGING - INTERNATIONALLY ACCEPTED MODELS YET TO COALESCE
ANTI-money laundering maybe a career that financial and legal professionals increasingly follow, but the training and qualification structure for AML/CFT is still emerging and solidifying, and there are doubts whether it will ever coalesce into a formal global structure, akin to FATF recommendations.…
INDIAN COVID-19 LOCKDOWN HURTS MANUFACTURERS – BUT INTERNATIONAL BUYERS HAVE ALREADY DUMPED ORDERS, SAY FACTORY OWNERS
THE LOCKDOWN of three weeks ordered by the Indian government from Wednesday (March 25) to contain the spread of the coronavirus that causes Covid-19 has had a limited impact on apparel exporting units, say many Indian manufacturers, who have said production was already largely halted by a wave of cancellations in orders.…
COVID-19 AND AIR POLLUTION EXPANDS DEMAND FOR NONWOVEN AIR FILTERS IN INDIA – BUT MANUFACTURING INDUSTRY HAS NOT INVESTED ENOUGH IN CAPACITY TO TAKE ADVANTAGE
India’s nonwoven technical textile industry has been at the centre of two successive public heath emergencies – first ramping up production of air purifier filters to combat dangerous levels of winter air pollution and now increasing the output of materials needed to make face masks to fight the Coronavirus outbreak.…
EU ROUND UP – ECHA PUSHES PRODUCTION OF BIOCIDAL INGREDIENTS USED IN COATINGS TO FIGHT COVID-19
THE EUROPEAN Chemicals Agency (ECHA) has encouraged the European Union (EU) chemical industry to employ biocidal products widely used within the coating sector to make detergents killing Covid-19. ECHA has released compositional requirements for using these chemicals to aid national regulatory checks on products including coatings ingredients propan-1-ol and propan-2-ol, whose production might for the time being be diverted to detergent manufacture.…
EUROPEAN COMMISSION RELEASES BLUEPRINT FOR FUTURE EU-UK ENERGY RELATIONS
THE EUROPEAN Commission has released a blueprint for negotiations on agreeing a permanent relationship between the European Union (EU) and the UK, which would forge energy relations that are as close as possible, given Britain is to quit the single European energy market.…
GLOBAL ENERGY POLICIES TRANSFORM, ADOPTING SUSTAINABLE GOALS AS CLIMATE CHANGE CONCERNS GROW
SLOWLY, but steadily, the world’s energy policies are turning green, towards promoting a sustainable future, targeting an increasingly universal goal of achieving carbon neutrality by 2050. With evidence mounting not only that climate change is accelerating, but potentially wreaking serious damage on the world’s economies and peoples, the Paris Agreement goal of holding the rise in global temperatures to well below 2C trying to limit it to 1.5C is being reflected in the plans of governments, regional and international organisations.…
EUROMONITOR INTERNATIONAL SAYS NICOTINE CONSUMPTION IS FALLING
Nicotine consumption is declining worldwide, with smokers are consuming less, as well as e-cigarette and heated tobacco users, according to market research provider Euromonitor International’s ‘Nicotine Survey, Exploring the Modern Nicotine Landscape’.
“Overall [the study] shows nicotine prevalence is declining not growing, and it is clear to see there isn’t much evidence that greater availability of nicotine formats is increasing smoking prevalence among adults,” said Shane MacGuill, head of tobacco research at Euromonitor International, in a webinar attended by TJI.…