Search Results for: Brazil

Brazil, which is among the countries with the highest alerts (1.36 million in 2023) for financial crimes involving shell companies, as per the Moody’s Shell Company Indicator quoted by CNN (1), “has made important strides to improve” its  Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) system and “is achieving some positive results”, but still “needs to strengthen cooperation and coordination between certain authorities and improve prosecution”, warned the Financial Action Task Force (FATF) in 2023 (2).…

But even though the Lava Jato task force was officially disbanded in 2021, Pierpaolo Bottini, partner at São Paulo-based Bottini & Tamasauskas Advogados, and a former director of the Economic Criminal Law of the Brazilian Institute of Criminal Sciences, said this abuse of crypto has been highlighted in cases he is defending. …

Practical programmes and strategies that enable universities and colleges to drive forward sustainable practices and knowledge to fight and manage climate change are increasingly needed, a UNESCO-sponsored workshop heard this week in Dubai.

Staged on Wednesday (December 6) as the United Arab Emirates hosts the COP28 conference of the United Nations Framework Convention on Climate Change (UNFCCC) this month, HE experts stressed such work needs to extend to less economically developed countries.…

European textile companies increasingly overburdened by regulation say each new piece of European Union (EU) regulation they face should be assessed on the grounds of how it helps industry succeed in an increasingly competitive market. They say more should be done to boost a sector that employs 1.3 million workers in 192,000 companies and provides more than EUR67 billion’s worth of exports to the 27-country bloc, according to the European Apparel and Textile Confederation (Euratex).…

The International Cocoa Organisation (ICCO) has predicted that the chocolate industry will continue to face cocoa supply deficits, with its latest quarterly assessment predicting that for 2022/3, there will be 99,000 tonnes more grindings than cocoa production. As a result, global stocks will fall to 1.744 million tonnes, amidst declines in output from key production hubs Ghana and Côte d’Ivoire.…

Latin America’s largest economy, Brazil, has confirmed plans to make International Sustainability Standards Board (ISSB) reporting standards mandatory from January 2026, having already authorised voluntary use by public companies and investment funds from 2024. The country’s finance ministry and its securities regulator the Comissão de Valores Mobiliários (CVM) have confirmed the move under CVM resolution 193.…

The number of students at Portuguese higher education (HE) institutions may have peaked in the past academic year (September 2022 to July 2023), say the country’s HE officials, with proactive measures needed to ensure a projected future decline is not too steep. …

Brazil generated 92.8% of its electricity from low or zero carbon sources during the first nine months of 2023, producing more clean power by proportion of overall output among all G20 countries in 2022, with a share of 89.1%, according to data released by London, UK-based global energy thinktank Ember (1).…

With weaknesses in terror finance controls exposed by Hamas’ bloody attack on Israel, killing more than 1,400 people (UN reports), and sparking deadly military reprisals in Gaza, the Financial Action Task Force (FATF) has proposed a range of CFT reforms (1).…

South America often eschews regional economic trends, with countries having sharply diverging fortunes, reflecting their contrasting economic interests and performance, as well as differing political records and policies. The paint and coating sector is not insulated from these trends, and while global issues such as the Covid-19 pandemic and Russia’s invasion of Ukraine affect all national markets and producers, in South America, the impacts are often manifested differently across the continent.…