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.
EU ROUND UP – US/CHINA TRADE WAR GIVES EU PAINT MANUFACTURERS A TARIFF ADVANTAGE
EUROPEAN Union (EU)-based paints and coatings companies and their suppliers are enjoying potential tariff-based trade advantages in the USA and China because of the deepening trade war between the world’s two largest economies.
A wide range of paints, coatings and input chemicals imported from China to the USA are now attracting additional duties of 25%, compared to 10% previously.…
SWITZERLAND RAISES AML/CFT GAME AS 1MDB SCANDAL CONTINUES TO HARM ITS BANKS
In April (2019), Switzerland’s highest court (the federal tribunal) ordered that Zurich-based Falcon Private Bank hand over Swiss Francs CHF2.5 million (USD2.5 million to Switzerland’s Financial Market Supervisory Authority (FINMA) for its involvement in the global money laundering (ML) scandal involving state-owned Malaysian investment fund, 1Malaysia Development Bhd (1MDB).…
REGULATORS STARTING TO ENCOURAGE FINANCIAL INSTITUTIONS TO EXPERIMENT WITH AI MONITORING OF SUSPICIOUS TRANSACTIONS
Regulators have started to actively encourage financial institutions to experiment and use machine learning to detect suspicious activity.
US regulatory authorities have called for innovative approaches to meet AML compliance obligations “to further strengthen the financial system against illicit activity”.
In a joint statement, the Board of Governors of the Federal Reserve System; the Federal Deposit Insurance Corporation; USA FIU the Financial Crimes Enforcement Network (FinCEN); the National Credit Union Administration, and the Office of the Comptroller of the Currency announced their support for innovative technology development last December.…
ITALIAN INVESTIGATORS BUST INTERNATIONAL TAX EVASION AND LAUNDERING RING INVOLVING F1 SPONSORSHIPS
Just four months before Italy’s much-anticipated Formula One (F1) Grand Prix was set to roar through the Monza racetrack on September 6-8, (2019), a major arrest involving money laundering within FI was made in Dubai. Luigi Provini was handcuffed in the United Arab Emirates (UAE) emirate and placed on a direct flight to Rome, for questioning by Italy’s Financial Police (Guardia di Finanza – GdF).…
WOLLASTONITE OFFERS GREAT POTENTIAL AS BASE FOR DEVELOPING CARBON EMISSIONS REDUCTION TECHNOLOGY
WOLLASTONITE has been described by a Canadian producer as “a white mineral for a greener world,” and it seems governments, businesses and industries agree – with wollastonite is set to see increased market growth in its traditional uses plus a new focus on its powerful qualities to help tackle climate change.…
METAL TRADERS OFFERED BETTER ACCESS TO SOUTH AMERICA AND EUROPE UNDER EU-MERCOSUR TRADE DEAL
A EUROPEAN Union (EU) trade deal struck with South America’s Mercosur group of Brazil, Argentina, Uruguay and Paraguay, will boost trade between the two blocs of non-ferrous metals and related articles. The agreement, which now needs to be ratified by both sides, will phase out all EU duties charged on industrial goods (including metals and metal items) over 10 years.…
INDIAN KNITWEAR EXPORTERS LOOK TO EXPLOIT OPPORTUNITIES CREATED BY US-CHINA TRADE WAR
INDIAN knitwear exporters are hoping for a windfall of orders from the US following a spurt in client enquiries, which industry leaders believe are linked to the US-China trade dispute and the latest tariff hike on Chinese clothing and textile exports to America.…
BREXIT PUSHES FARMERS AND LANDOWNERS TO CONSIDER MORE ESTATE EARNINGS DIVERSIFICATION
WITH Brexit still looming and the government insisting that should the UK leave the European Union (EU), it will reduce the payment of subsidies to British farmers and growers, now is clearly the time that landowners should be considering diversifying their revenue streams.…
WOLLASTONITE OFFERS GREAT POTENTIAL AS BASE FOR DEVELOPING CARBON EMISSIONS REDUCTION TECHNOLOGY
WOLLASTONITE has been described by a Canadian producer as “a white mineral for a greener world,” and it seems governments, businesses and industries agree – with wollastonite is set to see increased market growth in its traditional uses plus a new focus on its powerful qualities to help tackle climate change.…
BREXIT PUSHES FARMERS AND LANDOWNERS TO CONSIDER MORE ESTATE EARNINGS DIVERSIFICATION
WITH Brexit still looming and the government insisting that should the UK leave the European Union (EU), it will reduce the payment of subsidies to British farmers and growers, now is clearly the time that landowners should be considering diversifying their revenue streams.…