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Search Results for: Latvia

10 results out of 407 results found for 'Latvia'.

ECB REVOKES AUSTRIAN BANK LICENCE OVER MONEY LAUNDERING



Money laundering and due diligence failings led the European Central Bank (ECB) to revoke the licence of one of Austria’s oldest financial institutions with immediate effect last week (on November 15). The Austrian Financial Market Authority (FMA – Finanzmarktaufsicht Österreich), which had recommended the move to the ECB, announced that the European Union (EU) institution had revoked the licence of Anglo Austrian AAB Bank AG, which was known as Bank Meinl until June. …

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COMPANIES SHOULD CAREFULLY AND CONTINUOUSLY ASSESS OFFSHORE TAX POLICIES TO PROTECT REPUTATIONS – SAY EXPERTS



COMPANIES using offshore tax jurisdictions need to assess whether their strategies can be branded unethical, as well as illegal, causing them reputational as well as financial damage. They need to assess whether the risk is worth taking. Poorna Rodrigo reports.

 

The series of data dumps, such as the Panama Papers, and the recent Mauritius Leaks have continued to tarnish the reputation of offshore tax havens, but experts stress that properly used, a positive case can be made for offshore tax policies.…

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INTERNATIONAL WOOL STANDARDS GUIDE SECTOR THROUGH INCREASINGLY COMPLEX SUPPLY CHAIN



THE WOOL sector is part of an increasingly complex and global supply chain and, as a result, international technical standards are growing in utility and importance. Where suppliers and buyers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

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EUROPE STILL HAS SIGNIFICANT WORK TO COMPLETE BEFORE HARMONISING ITS NATIONAL GRID



MARCH’S approval by the European Parliament of new European Union (EU) electricity market rules, designed to increase consumer choice, boost renewables access and cap power subsidies, were hailed by the European Commission as a new dawn for the creation of the EU’s much vaunted Energy Union.…

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ENERGY MANAGEMENT GOOD PRACTICE CAN BE HONED THROUGH DETAILED INTERNATIONAL, REGIONAL AND NATIONAL STANDARDS



WITH the Carbon Trust defining energy management as the use of technology to improve energy performance of an organisation within their holistic management processes, the need to tap data banks of expertise can only help in framing and operating such policies.…

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TURNING MANURE INTO ENERGY: THE GROWTH OF MANURE-TO-BIOGAS SYSTEMS ON DAIRY FARMS



PROMISING a significant reduction in greenhouse gas emissions, energy cost-savings, sustainable manure management and a diversified revenue stream, the number of anaerobic digestion (AD) plants producing renewable biogas on dairy farms is growing globally. When upgraded to natural gas it can be sold to local utilities companies and used as transportation fuel as well as generate on-farm combined heat and power (CHP) – this biogas can be an important source of income.…

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BEAUTY SECTOR RECEIVES DETAILED GUIDANCE FROM INTERNATIONAL, REGIONAL AND NATIONAL BODIES



 

THE PERSONAL care product sector has an increasingly complex and global supply chain and as a result, international technical standards are growing in utility and importance. Where suppliers and retailers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

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BALTIC STATES AML/CFT OVERHAULS UNDER WAY AFTER BANKING SCANDALS DAMAGE FINANCIAL SECTORS’ REPUTATION



THE BALTIC States, being European Union (EU) member states adjacent to Russia and Belarus have been exploited by Russian criminals as a gateway for their illicit funds into the EU and beyond.

This is despite that as EU member states, Estonia, Latvia and Lithuania must implement EU anti-money laundering and anti-terror finance legislation.…

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INDUSTRIAL MINERAL SECTOR HONES SKILLS THROUGH DETAILED INTERNATIONAL, REGIONAL AND NATIONAL STANDARDS



THE INDUSTRIAL minerals mining and processing sector and its customers has an increasingly complex and global supply chain and as a result, international technical standards are growing in utility and importance. Where suppliers and retailers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

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FINNISH FAST FOOD CHAIN HESBURGER TAKES ON THE CHALLENGES OF EAST EUROPEAN MARKETS

A FINNISH burger chain that has taken the plunge into some of Europe’s most challenging eastern markets now has almost as many outlets abroad as in its home market.

Turku-based Hesburger is now building sales in Belarus, having announced it would move into this country in 2017. This follows launches in Ukraine in 2015, and Bulgaria in 2016. Having branched abroad into Estonia first in 1996, now has 207 overseas outlets in eight countries (also including Russia, Latvia, Lithuania, as well as Germany, close to 271 it has in Finland.…

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