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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.

MALAYSIA’S NEW GOVERNMENT IS NEW BROOM ON BOOSTING AML ENFORCEMENT

Malaysia’s money laundering regulation and policies may be on par with international best practice, but their implementation has been tested of late, experts say. These concerns have been sharpened by the scandal related to Malaysia’s sovereign wealth fund 1 Malaysia Development Bhd or 1MDB, with Malaysia’s former Prime Minister Najib Razak accused of channelling more than Malaysian Ringgit MYR 2.67 billion (USD700 million) from the fund to personal bank accounts.…

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NEW INDIAN MEDICAL STOCKINGS MAKER PROSPERS FROM COMBINING QUALITY WITH LOWER COSTS

 

INDIA’S knitted medical stockings maker Ista Healthcare has been in business for only three years but has already been exporting products, has created backward integration and is now seeking venture capital for future expansion.

“Our product has been created right from scratch and is now accepted worldwide,” said Kumaraguru Muthuswamy, chief executive of Ista Healthcare LLP, based in the southern Indian city of Coimbatore, in Tamil Nadu state.…

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EU RELEASES REGULATION DEMANDING EXTRA DATA ON NANOPARTICLES IN MINERAL-BASED CHEMICALS

 

MANUFACTURERS and users of chemicals made from minerals, and chemical mineral processing agents within the European Union (EU), will from January 2020 have to check whether the chemicals they use contain nanoparticles. If they do, they will have to assess their safety and report the results to the European Chemicals Agency (ECHA).…

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ISRAEL SHOULD EXPAND DIRTY MONEY DATA DRAGNET, SAYS FATF

THE FINANCIAL Action Task Force (FATF) and European anti-money laundering (AML) body Moneyval have concluded in a report that while Israel is achieving good results in identifying and responding to money laundering and terror financing risks, its supervision and preventive measures need improving.…

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FOOD MANUFACTURERS UNHAPPY WITH NEW INDIAN REGULATIONS ON FOOD MARKETING AND LABELLING

THE FOOD Safety and Standards Authority of India (FSSAI) has issued new regulations controlling advertising and label claims for food products that restrict the use of words and phrases such as ‘natural’, ‘fresh’, ‘original’, ‘traditional’, ‘authentic’, ‘genuine’ and ‘real’. Detailed technical guidance is included within the regulation setting out the manufacturing process that must be followed for such terms to be used to promote these foods.…

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TUNISIAN TEXTILE INDUSTRY PREPARES TO RAISE SALARIES TO IMPROVE CONFIDENCE IN EMPLOYEES AND THE INTERNATIONAL MARKET.

THE TUNISIAN Textile and Garment Federation (FTTH) on Thursday (Dec 20) signed final papers agreeing a process of salary increases over the next two years with the country’s National Labour Union (UGTT) giving textile and garment industry managers the chance to encourage productivity by giving their workers financial stability.…

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EU EYES SANCTIONS FOR HUMAN RIGHTS ABUSES AND GRAFT

THE EUROPEAN Union (EU) is considering introducing a Global Human Rights Sanction Regime to freeze assets and ban travel of individuals involved in rights abuses and corruption. Dutch Foreign Minister Stef Blok tweeted that “the EU decided to further develop a blueprint for an EU Global Human Rights Sanctions Regime” after a December 10 EU Council of Ministers (foreign affairs) meeting that discussed his motion on the issue. …

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ATHLETIC APPAREL INDUSTRY MEETS TO DISCUSS CHALLENGES, OPPORTUNITIES OF THE FUTURE

With manufacturing technology advancing at an ever-faster pace, sports apparel companies need to constantly look for ways to embrace new techniques to compete in a constantly changing landscape, an international industry meeting has been told.

Sustainability, blockchain and Industry 4.0 are three of the most important trends being considered by brands and their suppliers, and they were focal points at the sixth World Manufacturers Forum (WMF), organised by the World Federation of the Sporting Goods Industry (WFSGI) in Ho Chi Minh City, Vietnam from December 11-12.…

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EUROPEAN PARLIAMENT BACKS WORKER EXPOSURE LIMITS FOR UPHOLSTERY CHEMICAL

The European Parliament has voted to amend a directive on protecting workers from the risks related to exposure to carcinogens or mutagens at work by adding exposure limits for ethylene dichloride (EDC), which is used to make furniture and automobile upholstery, and wall coverings.…

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UK COMPANIES FAILING TO EFFECTIVELY COMBAT GRAFT, SAYS SURVEY

British companies still need to improve their anti-bribery and corruption (ABC) strategies, according to the 2018 Global White Collar Crime Survey, from the University of Manchester and global law firm White & Case. Asked anonymously whether their companies had a formal policy in place, 19% of employees said ‘no’ and 10% ‘don’t know’.…

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