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WHILE the imposition of age limits on the consumption of tobacco and other nicotine products remains very much a national, and in some cases sub-national jurisdiction decision, there is no doubt that the general trend worldwide is for tighter restrictions on younger consumers, even if they are often tough to enforce.…

THE RULING council of the International Cocoa Organisation (ICCO) is preparing to agree major reforms to the International Cocoa Agreement, which should see the agreement increase its commitment to boost sustainability in the chocolate sector.

Council members are considering final changes committing the ICCO to ensuring that cocoa production, processing and manufacture is socially, economically and environmentally sustainable.…

EUROPE’S FATF-style body Moneyval has raised serious concerns about AML/CFT standards among 19 of its members, with its 2020 annual report concluding their average compliance is “below satisfactory”. The jurisdictions assessed were Albania, Andorra, Armenia, Cyprus, the Czech Republic, Georgia, Gibraltar, Hungary, Israel, the Isle of Man, Latvia, Lithuania, Malta, Moldova, Russia, Serbia, Slovakia, Slovenia and Ukraine.…

INTRODUCTION

The textile industry is one of the world’s oldest manufacturing sector, yet it is also one of the most dynamic, constantly reinventing itself. Today, the development of micro-factories might herald root-and-branch change in how the textile and clothing industry operates, a transformation driven by advances in digital textile printing.…

MALTA’S only multiple casino operator has been fined over serious AML/CFT failings, with the country’s Financial Intelligence Analysis Unit (FIAU) ordering Tumas Gaming Ltd to undertake AML control reforms.

The company must pay EUR233,156 for breaching the country’s Prevention of Money Laundering and Funding of Terrorism Regulations.…

EUROPE’S confectionery and sweet bakery association CAOBISCO has been pressuring the European Union (EU) to resolve a long-running trade dispute with the USA over aircraft manufacturing subsidies causing Washington to impose tariffs on European food exports. These include 25% duties on exports from the EU (including the UK) of raspberry, strawberry, apricot, peach and other jams; cherries and peaches; sweet biscuits from Germany; waffles and wafers from Britain and Germany; and an additional 25% on these jams when exported from Germany and France.…

THE UNITED Nations’ Food & Agriculture Organisation (FAO) has proposed creating a permanent ‘observatory’ monitoring cocoa markets, assessing value and costs, to help chocolate sales revenues be more equitably distributed throughout supply chains.

In a report called a ‘Comparative study on the distribution of value in European chocolate chains’, the FAO said such “objectified and cross-checked data” would aid “a multi-stakeholder discussion” at national and global levels on revenue sharing.…

A MAJOR expansion in collecting sales information within the digital economy across the European Union (EU) and beyond has been proposed by the European Commission, to crack down on widescale tax evasion.

The EU executive has proposed reforms to an EU directive on administrative cooperation between tax authorities (see https://ec.europa.eu/taxation_customs/sites/taxation/files/2020_tax_package_dac7_en.pdf)…

THE NEED to actively recharge electric vehicles makes them less attractive to consumers, especially when batteries can take eight hours to charge. So, the development of ambient technologies that enable EVs to charge themselves as they operate has been a key focus of automotive R&D.…

EUROPEAN sugar users’ association CIUS has warned about slow progress within the talks between the European Union (EU) and the UK over a permanent relationship after the current transitional Brexit period expires on December 31. The CIUS wants this period extended – a step that the British government is currently refusing to take.…