Search Results for: Italy
10 results out of 1916 results found for 'Italy'.
NEW INDIAN MEDICAL STOCKINGS MAKER PROSPERS FROM COMBINING QUALITY WITH LOWER COSTS
INDIA’S knitted medical stockings maker Ista Healthcare has been in business for only three years but has already been exporting products, has created backward integration and is now seeking venture capital for future expansion.
“Our product has been created right from scratch and is now accepted worldwide,” said Kumaraguru Muthuswamy, chief executive of Ista Healthcare LLP, based in the southern Indian city of Coimbatore, in Tamil Nadu state.…
INTERNATIONAL REGULATORY ROUND UP - RETALIATORY DUTIES ON USA CONFECTIONERY AND INGREDIENTS EXPORTS CHALLENGED AT WTO
THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…
LICIT ARMS TRADE LIGHTLY REGULATED BY AML RULES, DESPITE CONCERNS OVER UNETHICAL PRACTICES
The conventional arms trade has a reputation for using side payment sweeteners to secure multi-million dollar deals. But despite allegations of corruption in numerous jurisdictions, the legitimate arms trade is not on the Financial Action Task Force’s (FATF) radar. Should it be?…
ICAO BUDDY SYSTEM HELPS EMERGING MARKET COUNTRIES PREPARE FOR CORSIA
A BUDDY training system has been launched by the International Civil Aviation Organisation (ICAO), enabling countries with significant regulatory capacity to help other states prepare for the upcoming CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) scheme. ICAO has been training national officials to advise on ensuring CORSIA’s legal requirements are written into local laws and also on building the emissions data monitoring, reporting and verification systems they need to measure their airlines’ carbon footprint.…
DIGITAL CLOTHING AND TEXTILE SECTOR TECHNOLOGIES EMERGE IN EGYPT AND SOUTH AFRICA – BUT WILL THE REST OF AFRICA FOLLOW SUIT?
DIGITAL production technologies could help African manufacturers pick up business lost by Chinese rivals because of the trade war in the USA, with brands looking to take advantage of the free trade agreements that many African countries have with the USA and Europe.…
OIL DEAL IN GRAFT COURT BATTLE COULD COST NIGERIA USD6 BILLION, PROSECUTORS CLAIM
A 2011 oil deal at the centre of a huge corporate fraud and corruption trial currently underway in a Milan court would see Nigeria lose nearly USD6 billion if it is not overturned, according to a report from Global Witness. Quoting claims made in the case, ‘Take the Future’ alleges that Italy’s partly state-owned Eni and Anglo-Dutch Shell knew that much of the USD1.1 billion they paid for a license to explore OPL 245 (oil prospecting licence) an offshore oil field in the Niger delta, ended up in the pockets government officials and did not end up in Nigerian state coffers, according to emails uncovered during the investigation.…
MEPS SLAM CASH FOR PASSPORT SCHEMES IN TAX CRIMES REPORT
Centre right members of the European Parliament’s special committee on financial crimes, tax evasion and tax avoidance (TAX3) have hit out at the 18 EU member states, that offer citizenship or residence in exchange for investments. The MEPs, members of the European People’s Party (EPP), spoke out November 14 as the committee handed down a draft report*, with findings and recommendations, including phasing out such rights.…
DRAFT EU/UK BREXIT DEAL INDICATES HOW LONDON AND BRUSSELS WANT TO CONTINUE ANTI-FRAUD COOPERATION
THE DRAFT Brexit agreement that has caused political controversy in the UK, but which the European Union (EU) insists is its final offer, would – if approved – see the immediate retention of much existing cooperation between Britain and the remaining EU.…
ASSURING NON-FINANCIAL REPORTING IS INCREASINGLY IMPORTANT, SAY EXPERTS
WITH reputational risk being an increasing concern for investors, the demand for information in accountancy reports that goes well beyond the balance sheet is growing. And, companies want to be sure that such data is of solid quality – making emerging forms of external reporting (EER) assurance the key focus of a high-level accounting meeting staged in Brussels on November 8.…
CHARITIES STILL STRUGGLE TO AVOID BEING TAINTED WITH TERRORIST FINANCING
Charities continue to be at risk of being exploited by terrorist groups looking to transfer money and finance their operations, with the Middle East a high-risk area.
These non-governmental organisations (NGOs) are, however, criticising the extra scrutiny the sector is facing from regulators, banks and governments, saying it is driving charity financing into the shadows, actually increasing risks of financing by crime and terror groups.…