Search Results for: Caribbean

THE EUROPEAN Union’s (EU) international food and drink trade has withstood the challenges of Covid-19, with figures for the first eight months of 2020 valuing EU exports (excluding the UK) at EUR119 billion, up 1.2% compared to January-August 2019. Imports also rose slightly to EUR81.6 billion (up 0.8%).…

THE INTERNATIONAL Civil Aviation Organisation (ICAO) is promoting digital technologies within air traffic management systems to shore up the efficiency of a global civil aviation sector severely disrupted by Covid-19. But there is doubt about whether these investments will be made by a pandemic-hit industry.…

TEXT fraud is maybe more dangerous that email fraud, given the tendency for mobile phone users to respond to texts swiftly and without careful thought, cyber-security experts warn.

The Covid-19 pandemic has also created opportunities for fraudsters using texts and messaging services such as WhatsApp to launch fishing and other attacks on the unwary.…

From bringing traditionally outsourced services in house to right-sizing staff, Caribbean financial professionals advising the region’s critically important tourism sector are making tough decisions to keep businesses afloat and redundancies to a minimum during Covid-19.

ACCA members speaking to A&B, however testified to solidarity among workers, clients and suppliers – and the resilience of a region used to disaster, albeit usually through extreme weather.…

THE UK’s overseas territories are struggling with something of an existential crisis, as they face an effective 2023 deadline for introducing publicly accessible beneficial ownership registers that could undermine their ability to offer confidential financial services to companies and wealthy individuals.…

Entrepreneurship abounds across the diverse island nations of the Caribbean where small, independently-owned beauty product businesses thrive and have been successfully vying for space alongside major international brands in pharmacies, boutiques and family-owned stores alike.

What many manufacturers lack in start-up capital, they make up for in innovation and close proximity to a wealth of organic, raw materials that are finding new favour with modern, discerning consumers at home, with an eye to developing export sales.…

GIVEN the hundreds of billions of dollars spent by banks on fighting money laundering, fears that trade-based money laundering (TBML) remains widespread, as stressed by FATF, the APG (http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-basedmoneylaunderingtypologies.html), and most recently, the European Commission (https://ec.europa.eu/info/sites/info/files/supranational_risk_assessment_of_the_money_laundering_and_terrorist_financing_risks_affecting_the_union_-_annex.pdf), are of serous concern. The World Trade Organisation (WTO) said that in 2018, global merchandise exports were worth USD19.48 trillion, so there is plenty of place for laundered money to hide.…

ANTI-money laundering maybe a career that financial and legal professionals increasingly follow, but the training and qualification structure for AML/CFT is still emerging and solidifying, and there are doubts whether it will ever coalesce into a formal global structure, akin to FATF recommendations.…

THE ROLE of whistleblowers in the Americas has been given special attention in since last August, when an intelligence officer lodged a complaint with the Intelligence Community Inspector General about a phone call by President Donald Trump to Ukraine President Volodymyr Zelensky pressuring him to open an investigation into alleged corruption by former vice-president Joe Biden.…

Tegra, the Atlanta, USA-based leading apparel manufacturing and supply chain provider, is expanding its workforce in Latin America, with new job posts in El Salvador’s compound as well as its soon to be opened facility in Honduras. Tegra’s plant in El Salvador, Decotex, was expanded to nearly 250,000 square feet in August (2019).…