Search Results for: Trinidad and Tobago
10 results out of 73 results found for 'Trinidad and Tobago'.
INTERNATIONAL REGULATORY ROUND UP – US-CHINA TRADE WAR HITS CONFECTIONERY EXPORTERS
AMERICAN confectioners may suffer from the latest tit-for-tat tariff exchange between the USA and China, with retaliatory duties from China targeting US confectionery exports. Many of these duties are high – at 25% – imposed from September 24 on US-made sugar; cocoa powder; milk powder; honey; jams; and more; plus 20% duties on US-made confectionery without cocoa; chewing gum; some chocolates; and more.…
HURRICANE IRMA PROMPTS RENEWAL WITHIN CARIBBEAN AIRPORTS
CONTRACTORS at Sint Maarten’s hurricane-battered airport are battling against the clock to complete major repairs by the start of the new tourist season in November.
Princess Juliana International Airport was one of several across the Caribbean pummeled by catastrophic Hurricane Irma in September 2017.…
UK BENEFICIAL OWNERSHIP VOTE ALARMS OVERSEAS TERRITORIES
An amendment to a UK Sanctions and Anti-Money Laundering Bill requires the British government to impose such registers on its OTs by this deadline, if the local administrations have not created their own. The UK currently has the world’s only public beneficial ownership register – but it only covers England, Scotland, Wales and Northern Ireland – see http://ownershiptransparency.com/…
KNITWEAR PRODUCTION GROWS IN THE CARIBBEAN – BUT STARTING FROM A LOW BASE
KNITWEAR is a key part of the growth in clothing manufacturing that is becoming an important part of the economies of several Caribbean countries, providing thousands of jobs and producing apparel worn not only in the region but in the USA, Canada, Europe and elsewhere.…
UK BENEFICIAL OWNERSHIP VOTE ALARMS OVERSEAS TERRITORIES
A VOTE by the UK parliament to insist that Britain’s overseas territories introduce publicly available beneficial ownership registers by December 31, 2020, has sparked anger and dismay within these autonomous, mainly small island, jurisdictions.
An amendment to a UK Sanctions and Anti-Money Laundering Bill requires the British government to impose such registers on its OTs by this deadline, if the local administrations have not created their own.…
ACCA-QUALIFIED CARIBBEAN AIRLINE BOSS STEERS HER COMPANY TOWARDS RECOVERY FROM MAJOR HURRICANE LOSSES
RUNNING a complex international air travel business that recovering from 2017’s devastating hurricane season, Caribbean airline boss Julie Reifer-Jones is having to draw on her near three decades’ experience in senior financial management.
Immaculately presented, in killer heels, Reifer-Jones FCCA is not just the first female CEO of Antigua-based airline LIAT, she is the only female CEO of any airline in the Caribbean.…
ORGANISED CRIME RAISES MONEY LAUNDERING CONCERNS IN VULNERABLE FINANCIAL CENTRE JAPAN
JAPAN’S long-standing exposure to organised crime groups such as the Yakuza means that however effective the country’s anti-money laundering and combatting the financing of terrorism (AML/CFT) systems maybe, they will continue to face sophisticated challenges.
Despite enhanced criminal and civil legislation targeting Japan’s underworld groups, such as the February 2000 Act on the Punishment of Organised Crimes and the March 2007 Act on Prevention of Transfer of Criminal Proceeds (See part 4 at https://www.npa.go.jp/sosikihanzai/jafic/en/maneron_e/manetop_e.htm),…
EU COUNCIL DECISION TO DROP EIGHT COUNTRIES FROM TAX HAVEN BLACKLIST UNDER FIRE
EUROPEAN UNION (EU) finance ministers have agreed to remove eight jurisdictions, including much-criticised Panama that gave the world the ‘Panama Papers’ scandal, from the bloc’s tax haven blacklist, only a month after it was created.
A EU Council of Ministers statement said this decision, which has now been slated by members of the European Parliament (MEPs) and environmentalists, followed “commitments made” by the listed jurisdictions “to remedy EU concerns”.…
INTERNATIONAL TECHNICAL ROUND UP – EU RELEASES TAX EVASION BLACK LIST
*The European Union (EU) Council of Ministers has published a blacklist of jurisdictions it thinks do not cooperate sufficiently with international efforts to reduce tax evasion. They are American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…
EU COUNCIL ADOPTS CONTROVERSIAL MONEY LAUNDERING AND TAX FRAUD BLACKLIST
THE EUROPEAN Union (EU) Council of Ministers today (December 5) adopted a money laundering blacklist, bringing widespread criticism because the listing – designed to prevent tax fraud and evasion – only covers countries outside the 28-nation bloc. Despite the European Commission screening 92 jurisdictions worldwide, the final list of non-cooperative jurisdictions in taxation matters only contains 17 jurisdictions: American Samoa, Bahrain, Barbados, Grenada, Guam (another US territory), South Korea, Macau (a China special administrative region), the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…