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. …

The garment and textile industries in the European Union (EU) and the Mercosur region of South America (Southern Common Market, in the Spanish initials) are losing hope after 25 years of negotiations to finalise a long-touted trade agreement.

Often, when both sides thought a deal was almost reached, there has been a setback for a deal that would link the 27 EU member states with Argentina, Brazil, Paraguay and Uruguay.…

Transparency International’s 2023 Corruption Perceptions Index (CPI) (1) released on Tuesday (January 30) has concluded 122 of 180 countries worldwide scored below 50 on perceived levels of public sector corruption from 0 (highly corrupt) to 100 (very clean). This number shows how “corruption levels remain stagnant globally” – as the same number was reported last year (2022).…

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).…