Search Results for: Kenya

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.…

Tanzania is now Africa’s second-largest raw tobacco producer after Zimbabwe, according to the country’s agriculture minister Hussein Bashe and plans are underway to increase production and leaf processing capacity by encouraging more small-scale farmers to engage in contractual tobacco commercial farming.…

The fashion worldwide industry needs to open itself to ideas from a variety of sources to strengthen its position, for instance through automated production efficiency, innovation in sustainability and widening sourcing worldwide, three young entrepreneurs have claimed. Speaking at the Sewn Products Equipment & Suppliers of the Americas (SPESA) conference in Montréal, Canada, this week Michael Mayr, co-founder and COO of Silana, a Vienna, Austria-based manufacturer claiming to have fully automated sewing of soft materials, a tough challenge for robotics, the “last major processing step in fashion production that has not been automated yet,” claims the company.…

The Democratic Republic of Congo’s (DRC) ambitious plans to reform its universities and higher education system are progressing steadily, although faced with challenges. HE administrators and government officials are now working through the requirements of the new system having received a December 2022 decree establishing the grade designations of graduates for the new License-Master-Doctorate (LMD) system.…

Uganda may have been removed from the FATF grey list this past February (2024), but its FIU has told MLB it knows more AML, CFT and CFP work is ahead. The east African country had been grey listed since 2020. After de-listing, FATF said in a communiqué it “welcomes Uganda’s significant progress in improving its AML/CFT regime”.…

Budget constraints are threatening the ability of the European Public Prosecutor’s Office (EPPO) to continue investigating VAT fraud, especially as it expands to take on newcomers Poland and Sweden this year, the Luxembourg-based office is warning. The EPPO College (1), a management board composed of the European Chief Prosecutor, Laura Kövesi, and prosecutors from the now 24 participating member states – has been pushing for a much bigger budget as the agency’s workload rises.…

The European Public Prosecutor’s Office (EPPO) has spoken out against a proposed Austrian law that might undermine its ability to probe transnational and national crime, through preventing its teams from seizing data that might compromise offenders.

This proposed legal amendment from Austria’s justice ministry would reserve the power to seize data and data storage devices in Austria to Austrian law enforcement.…

A Financial Action Task Force (FATF) paper has warned that governments are failing to increase AML/CFT controls on virtual assets and virtual asset service providers (VASPs), with only 25% of those surveyed fully or largely compliant with FATF guidance (1).

Of these 130 jurisdictions assessed under the latest mutual evaluation reports and follow up checks, the 75% proportion of those partially or not compliant with FATF recommendation 15 on VASPs and other new tech, “is identical to that of April 2023…and shows negligible improvement,” said FATF.…

There is a renewed sense of hope in Caribbean apparel outsourcer Haiti after the May appointment of interim Prime Minister Garry Conille and the arrival of the first contingent of police officers from Kenya on June 25. But for the island’s textile and apparel sector, the anticipation of better days is not so palpable and literally hinges on a US trade access programme called ‘HOPE/HELP’ being extended.…

The Kenyan clothing and textile sector is looking forward to expanding through overseas sales should the African Growth and Opportunity Act (AGOA) trade protocol between the USA and 32 sub-Saharan African countries be extended to 2041 after its current authorisation expires next September (2025).  …