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.
AUTO DEALERS SERVING CANADIAN INDIGENOUS COMMUNITIES MAY BENEFIT FROM TAX BREAKS, BUT CAN FACE SIGNFICANT DELIVERY AND AFTER-SALES LOGISTICAL CHALLENGES
IT’S no simple business serving Canada’s indigenous community market, even though this includes 1.67 million people. A majority have official residency in 3,100 reserves (the Canadian term for reservation), many of whom live in the far north, where average January and February highs can be minus 21C/minus 6F.…
TUNISIA AND FRANCE COMBINE FORCES TO LAUNCH NEW UNIVERSITY FOR FRANCOPHONE AFRICA AND MEDITERRANEAN
TUNISIA is partnering with France to open a new university based in the north African country offering teach business skills and provide degrees that will help build sustainably growing economies in Africa.
The Franco-Tunisian University for Africa and the Mediterranean (UFTAM – Université Franco-Tunisienne pour l’Afrique et la Méditerranée) is the first structural academic collaboration between France and Tunisia – http://uftam.net/.…
ERASMUS+ SPENDING ON AFRICAN UNIVERSITIES IS RISING – WITH HOPE EXPANSION WILL CONTINUE
THE EUROPEAN Commission – the European Union (EU) executive – has claimed its Erasmus+ higher education exchange initiative is significantly boosting tertiary studies for African students and academics, with 8,500 Africans benefiting this year (2019).
In a report on the programme, which has been hailed as a flagship of the EU’s positive international impact, the Commission said that this figure was poised to keep growing, so that it will have helped more than 35,000 African students and academics by 2020.…
UPCOMING AFRICA SYMPOSIUM WILL PREPARE NEW INITIATIVE TO BOOST POSITION OF WOMEN IN SCIENCE AND TECHNOLOGY
Mentorship and sharing experiences will be a key part of the discussions on boost numbers of women in leadership and senior positions within Africa’s higher education sector, when African women vice chancellors meet for their annual symposium in December 2-6.
This meeting of the Forum for African Women Vice Chancellors (FAWoVC) is being staged alongside the annual general meeting of the Regional Universities Forum for Capacity Building in Agriculture (RUFORUM), to be held at the University of Cape Coast, in Ghana.…
UNCERTAINTY FOR NEW ZEALAND’S BARQUE PROJECT AFTER THE COUNTRY’S OIL AND GAS BAN
A few years ago, New Zealand Barque oil and gas prospect was rated as one of the most promising exploratory reserves in the world. The decision by New Zealand’s Labour-New Zealand First-Greens coalition government decision last April (2018) to ban any new offshore exploration permits has, however, complicated any future operations at the Barque, east of NZ’s South Island.…
BRITAIN MUST CLEAN UP ITS AML ACT OR RISK BECOMING ROGUE JURISDICTION OFFSHORE EUROPE – TI REPORT
ANTI-GRAFT group Transparency International (TI) has called on the UK government to comprehensively overhaul British anti-money laundering controls, arguing that the country risks becoming a jurisdiction notorious for weakness in fighting financial crime.
Noting Britain’s likely exit from the European Union (EU), TI warned its government must ensure its businesses meet “the highest possible” anti-crime standards.…
FATF ADVISES MULTI-SOURCE CHECKS ON BENEFICIAL OWNERSHIP OF SHELL COMPANIES
THE FINANCIAL Action Task Force (FATF) has said beneficial ownership checks should draw on multiple sources to enable regulators and law enforcers to gather enough information on shell companies to identify their true owners and purpose.
In a statement, the global AML body noted: “Anonymous shell companies are often the vehicles of choice for money laundering by criminals and terrorists.…
FORMER EY AUDITOR LAUNCHES LEGAL CASE SAYING HE LOST JOB AFTER MAKING DUBAI GOLD MONEY LAUNDRY CLAIMS
A FORMER EY auditor has launched a legal case claiming he was forced from the international accounting network, having alleged that a Dubai audit client was involved in a major precious metal money laundering scam.
Amjad Rihan, represented by London law firm Leigh Day, will claim in a case scheduled to begin in January that he had flagged concerns Kaloti Jewellery International had handled billions of dollars’ worth of cash transactions; imported gold from Moroccan suppliers painted with silver to avoid gold export restrictions; and handled transactions with high-risk countries such as Sudan and Iran without proper due diligence.…
FORMER UNAOIL EXECUTIVES ADMIT OIL SECTOR BRIBERY IN USA PROCEEDINGS
The former CEO and chief operations officer (COO) of Monaco-based energy services company Unaoil have pleaded guilty to facilitating millions of US dollars in bribes to officials in multiple countries. Britons Cyrus Ahsani and Saman Ahsani accepted they made illicit payments in countries including Algeria, Angola, Azerbaijan, the Democratic Republic of Congo, Iran, Iraq, Kazakhstan, Libya and Syria.…
FATF INTERVIEW – PLENARY – FATF GETS KEY BACKING FOR BOOSTING IMPELMENTATUIN OF ITS STANDARDS
UNDER the current Chinese presidency, global anti-money laundering body FATF has had strong support for its desire to boost the implementation of the AML/CFT policies and laws included in its recommendations. Money Laundering Bulletin interviewed FATF’s executive secretary David Lewis to explore how his organisation and been pushing improvements to supervision of AML/CFT to ensure its expert advice delivers on stemming dirty and terror money flows.…