Search Results for: Climate change

FATF says FIUs must be a national centre for the receipt and analysis of suspicious transaction reports (STRs) and other information linked to ML, associated predicate offences and terrorist/proliferation financing, and disseminate that analysis. FIUs should be able to obtain additional information from obliged entities, and access relevant financial, administrative and law enforcement data.…

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).…

The Chinese auditing unit of accounting giant PwC has been fined a record Chinese Yuan Renminbi CNY441 million (USD62.7 million) and banned from auditing in mainland China for six months after a regulator concluded it had “covered up and even condoned” fraud.…

When the UK left the European Union (EU) on 1 January 2021, it also left the EU’s comprehensive REACH chemical control system, which was formally replaced by a UK REACH system. This mirrored EU REACH, grandfathering existing registrations and restrictions to the national system, although GB companies lost access to EU databases run by the European Chemicals Agency (ECHA).…

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. …

Indonesia’s textile and garment sector, a key pillar of the country’s economy and a major employer, is hoping for more attention and support from the incoming new Indonesian government, as it faces challenges from illegal imports, excessive costs and global instability, industry associations have said.…

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.…

The food industry is one of the most important and fastest growing branches of the Polish economy. With 60% of its land arable, Poland is the sixth largest agri-producer in the European Union (EU), according to the US Department of Agriculture (USDA).…

As consumer goods brands are increasingly burdened with a flood of regulations for the reduction of emissions and waste, and consumers are incorporating more sustainability criteria into their consumption decisions, there is a strengthening rationale for including packaging machinery-makers at the start of the product development process.…