Search Results for: Czech Republic

Kenya remains east Africa’s economic powerhouse and its ability to supply and encourage the region’s paint and coatings sector remains strong. Sales in paints, varnishes, pigments and other related coatings are expected to grow by 2.86% annually until 2028, according to insights from Statista (1), a Germany-based provider of market intelligence and business solutions.…

INNOVATIONS related to nonwovens nanofibres are developing fast amidst ongoing research into properties and potential uses resulting products.

Belgium-based international nonwovens industry association EDANA’s scientific and technical affairs director Marines Lagemaat, told Nonwovens Report International said the technology is very “promising when it comes to filtration applications”.…

Russia’s invasion of Ukraine has given the Cypriot government an additional incentive to remedy its past reputation as a haven for Russian money of questionable provenance. As the war launched by President Vladimir Putin has as of March 27 caused 8,401 civilian casualties, according to UN figures, the internationally recognised government of Cyprus, which still controls just the southern two-thirds of its island (the north being run by the breakaway Turkish Republic of Northern Cyprus), has launched some significant AML/CFT reforms.…

The precious metals and stones sector is increasingly under the spotlight regarding ML and TF, particularly gold. Given the fungibility of precious metals, the complexity of their supply chains and the varying levels of oversight worldwide, they continue to be an attractive means to launder money – especially gold, which remains the precious metal of choice for launderers.…

Once a stronghold of banking secrecy and a haven for undeclared cash-carrying Italians making deposits in a local micro-state, the Republic of San Marino, the world’s oldest republic (founded in the year 301CE), has been working to repair its AML/CFT reputation.…

The European Union (EU) has now (one day late – on February 25) issued its own new sanctions package upon the first anniversary of Russia invasion of Ukraine, targeting senior figures within the Wagner Group of mercenaries that has bolstered Russia’s military attacks.…

Biomass is under threat as the leading source of renewable energy in the European Union (EU) under controversial proposals to cap use of primary woody biomass and end subsidies by the end of 2026. Bioenergy Europe figures (1) show that 69.6% of biomass energy feedstock used in Europe comes from woody biomass, which are forestry and wood industry residues with the remaining feedstock sourced 18.3% from agricultural biomass and 12.1% biowaste.…

Political instability in the west African republic of Burkina Faso has been disrupting long-standing government plans to leverage the country’s cotton production to generate growth in its clothing and textile spinning, weaving, knitting, sewing and finishing segments.

The country’s cotton production is significant, with the US agriculture department predicting in September that production for the August 2022-July 2023 marketing year would be 1.15 million 480-pound bales.…

The European Commission has added the British overseas territory (BOT) of Gibraltar to European Union (EU) list of high-risk countries with strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. This latest update to the EU AML blacklist (1) means that banks and other AML obliged entities will have to apply enhanced due diligence when dealing with transactions with Gibraltar, which was ceded to the UK in 1713, having been seized during the War of the Spanish Succession.…