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.
AMUL TO BE THE LEAD PROMOTER OF A MULTI-STATE COOPERATIVE SOCIETY TO PROMOTE INDIAN AGRI PRODUCTS
THE Gujarat Cooperative Milk Marketing Federation, owner of India’s leading dairy brand Amul, could become the leader of a planned multi-state association of five major Indian cooperative bodies promoting organic Indian food products.
The other cooperatives are the Indian Farmers Fertiliser Cooperative Limited (IFFCO), the National Agricultural Cooperative Marketing Federation (NAFED), the National Cooperative Development Corporation (NCDC) and Krishi Bharatiya Cooperative Limited (KRIBHCO).…
CONCERN RISES IN TOBACCO SECTOR ABOUT TIGHTENING EU RULES ON HEATED TOBACCO AND VAPES
Concern about rapid increases in consumption in heated tobacco and the European Union’s (EU) stated ambition to reduce all tobacco use by 2040 so that less than 5% of the 27 member countries’ 447 million people is pushing EU policymakers towards tightening vaping and e-cigarette controls.…
EU REGULATORY ROUND UP – EU BANS EXPORTS TO RUSSIA OF PAINT, COATINGS PRODUCTS THAT MAY HELP ITS MILITARYEU REGULATORY ROUND UP – EU BANS EXPORTS TO RUSSIA OF PAINT, COATINGS PRODUCTS THAT MAY HELP ITS MILITARY
The European Union (EU) has continued to intensify sanctions against Russia over its invasion of Ukraine, imposing further bans on exports of paint and coating industry products. With (as of September 12) 5,827 civilians having been killed in the resulting war, the EU has banned the export to Russia from all member states of fingerprinting powders, dyes, and inks; graphene nanomaterials (which are increasingly used in high tech coatings); and electroplating equipment designed for coating parts with nickel or aluminum.…
US COATINGS MARKET EDGES UP IN SCALE AS IT DEVELOPS MORE ECO-PRODUCTS
Continuing to fight supply-chain snarls, material shortages, inflation woes, and a stubborn pandemic, the US paint and coatings industry produced 1.3 billion American gallons (4.9 billion litres) valued at USD27.2 billion (US dollars) in 2021.
That is according to The ChemQuest Group, a global specialty chemicals and materials consulting service based in Cincinnati, Ohio, USA, which said this production was an increase of just 0.1% in volume and 8.6% in value over the previous year.…
CHINA NONWOVENS SECTOR DIGITISES PRODUCTION, BUT UNEVENLY, SAY EXPERTS
China’s nonwovens industry is preparing for ongoing long-term growth, bolstered by increasing demand for nonwovens globally and inspired by the drive for digitisation within the country, to improve manufacturing productivity and efficiency. With support from national government policy and initiatives to boost digitisation in nonwovens manufacturing, industry majors and small-and-medium-sized business owners alike are pursuing greater use of industry 4.0 tech, noted the Europe-China Eco Cities Link Project, a project backed by the European Union (EU) and the Chinese government [1].…
TEXTILE SECTOR DEVELOPS EFFECTIVENESS OF AUTOMATED GRIPPING SYSTEMS
The Germany-based Saxon Textile Research Institute (STFI – Sächsische Textilforschungsinstitut) (1) has been working hard on developing textile grippers as tools that replace the human hand as the industry increasingly adopts automation. (2) STFI analysis sent to Textile 4.0 stressed the need for a wide variety of grippers given the large variety of fabric workpieces in clothing and textile manufacture.…
FINCEN PUSHES FORWARD WITH IMPLMENTING MAJOR USA AML REFORMS
FinCEN (Financial Crimes Enforcement Network), the USA’s FIU, has been implementing detailed reforms to the country’s AML/CFT regulatory system that had been authorised by the country’s Anti-Money Laundering Act (AMLA). Passed by Congress in January 2021, overriding a veto of former President Donald Trump, a key plank of the reforms has been strengthening the USA’s previously anaemic efforts on UBO controls, which had been found wanting by past FATF MERs.…
AML INFORMATION EXCHANGE SYSTEMS DEEPEN AND BECOME MORE COMPLEX
The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…
GOING AFTER THE ML PROS
Professional money launderers are exceedingly hard to catch, and – if convicted – are invariably replaced by other pros waiting in the wings. What more can be done to go after professional launderers?
Going by the estimates of the global scale of money laundering, and the low seizure rates – by some accounts 1%, by others (such as New Zealand AML specialist Ron Pol) less than 0.1% – efforts to curb the amounts of dirty money sloshing around the financial system are proving ineffective.…
FATF AND INTERPOL JOIN FORCES TO BOOST CRIMINAL ASSET SEIZURES
FATF and Interpol have launched an initiative that will see both agencies work together to improve the seizure of criminal assets, a key priority of the AML body’s new president T Raja Kumar’s upcoming two-year term.
A joint communiqué issued after a FATF-INTERPOL Roundtable Engagement (FIRE) event in Singapore wrapped up yesterday (Sept 13) said both organisations would “reinforce international law enforcement and judicial networks that work on asset recovery and the tools available…”
This included a review “to strengthen the FATF’s standards so that countries are better equipped to act effectively at every stage of the asset recovery process”.…