Search Results for: Haiti

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.…

The risks of money laundering and terrorist financing (ML/TF) are increasing globally, according to the 2023 edition of the Basel AML Index (1), mainly through a “concerning” drop in the effectiveness of AML/CFT systems, indicated by Basel Institute on Governance analysis of Financial Action Task Force (FATF) data.…

The Turks & Caicos Islands (TCI) has been improving its AML record, even as its courts have taken eight years to hear financial crime cases against former political leaders, including past Premier Michael Misick. He is charged with money laundering, conspiracy to receive bribes, and conspiracy to defraud the government, related to his 2006-9 tenure.…

As Haitian clothing and textile factories lose contracts and are forced to shut down amidst this Caribbean country’s ongoing lawlessness and political chaos, industry officials in Haiti say the only way they can save this important national manufacturing sector is through international intervention.…

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.…

The UN Human Rights Council passed a resolution on Sri Lanka on Thursday October 6 calling for accountability, human rights and reconciliation in this important clothing manufacturing outsourcing centre that has suffered from intense political and economic turmoil. There is growing international pressure on the new Sri Lanka government of President Ranil Wickremesinghe to promote calm (1) as the country grapples with financial shortages, logistical disruption and political legitimacy problems, worsened by widespread government corruption.…

The political and human rights crisis in Nicaragua is worrying the international textile industry, given the serious chance the United States suspend the privileged access to American markets that Nicaraguan clothing and textile exporters have thus far enjoyed.

Just two months before the upcoming Nicaraguan municipal elections (November 6), more than 195 human rights defenders, journalists, clergy members, and actual or perceived political opponents have been accused and detained for allegedly committing actions against national sovereignty.…

Australia’s commitment to strengthen its anti-money laundering legislation is now an eight-year-old promise that has yet to be fulfilled. However, with a change in government in May 2022, with the Labor Party taking power after nine years of government by the right-centre Liberal-National Coalition, there is renewed hope that reform could finally be delivered.…

Universities in Afghanistan, Iraq, Haiti, Madagascar, Nigeria and Yemen have been highlighted as institutions where academics or students were killed because of their beliefs or activism in the past academic year, though a report from campaign group Scholars at Risk (SAR).…

Factory owners and stakeholders in Haiti’s billion-dollar apparel and textile industry fear that without serious political and security intervention, the industry could buckle under pressures imposed by the country’s powerful and violent gangs. 

That fear is growing after two garment manufacturing factories, H4H and Palm Apparel, located southwest of Haiti’s capital Port-au-Prince, in Carrefour, were forced to close their doors in early September leaving an estimated 5,000 workers on the breadline. …