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The European Banking Authority (EBA) has released formal guidance to European Union (EU) banking regulators, requesting the unfair removal of access of non-profits to financial services over association with a high-risk jurisdiction. Rather, said the EBA, EU regulators should insist local banks carefully assess the ML/TF risk posed by specific non-profits.…

Russia’s invasion of Ukraine has given the Cypriot government an additional incentive to remedy its past reputation as a haven for Russian money of questionable provenance. As the war launched by President Vladimir Putin has as of March 27 caused 8,401 civilian casualties, according to UN figures, the internationally recognised government of Cyprus, which still controls just the southern two-thirds of its island (the north being run by the breakaway Turkish Republic of Northern Cyprus), has launched some significant AML/CFT reforms.…

AML is expensive, and for obliged entities, the cost increases the more suspicious transactions they must assess and process. So, it is far better for them to prevent – where possible – a potential money launderer from opening an account with them in the first place.…

Southern Europe has always been a key region for creative textile and clothing development and so it is no surprise that local companies have been enthusiastic adopters of digital textile printing, given the flexibility, speed and sustainability that these systems offer.…

Egypt’s buoyant dairy market is riding on the back of the country’s high population growth, but inflation and the depreciation of the currency is keeping this growth in sales in check and may depress earlier positive forecasts. The Egyptian dairy market’s value was forecast to be USD5.06 billion in 2023, with annual growth of 4.37%, according to figures from Germany-based statistical service Statista (1) released in Marh (2023).…

Deposit return systems (DRS) promoted by European Union (EU) regulation are the best way to help EU can manufacturers achieve high recycling and collection of quality materials, EU (European Union) can sector experts told the March 28-30 Packaging Waste and Sustainability Forum, in Brussels.  …

The high winds buffeting Ireland, blowing in from the Atlantic Ocean, are providing the island country with a solution to ease its reputation as a laggard in climate action policies required by international agreement and European Union (EU) politics. (1) .…

Students from sub-Saharan African countries are warning they are ready to abandon degree courses in Tunisian universities and colleges, fleeing this north African country in the wake of mass arrests of compatriots and racial violence this month.

Christian Kwongang, president of the Tunisian Association of Sub-Saharan Students (Association des Étudiants et Stagiaires Africains en Tunisie – AESAT) said that as of March 7, at least 400 sub-Saharan African students had been arrested in immigration sweeps by police, and there had been more than 30 racially motivated physical attacks by the against black African students over the past year.…

The Canadian and Ontario governments are proactively pushing the development of critical mineral production needed to fuel electric vehicle (EV) batteries, looking to leverage Canada’s vast mineral wealth in building a domestic EV sector.

The federal government in Ottawa released a Canadian Critical Minerals Strategy in December (2022) (1).…

Tunisia’s President Kais Saied seemed to be rolling back on his determination to impose “urgent measures” to reduce what he called the “hordes” of sub-Saharan migrants, but black students say nothing has changed for them. President Saied has offered up the promise of speeding up issuing residency permits known as “cartes sejour” and even waiving the penalties for overstays by sub-Saharan migrant workers and students.…