Search Results for: Mexico

Analysed USA trade data from the professor who coined the phrase ‘trade-based money laundering’ have unveiled significant abnormal pricing in exports and imports to and from the USA, which could have been abused for ML. Prof John Zdanowicz, a business professor at the USA’s Florida International University, and long-standing TBML expert, shared analysed 2020 US trade data with MLB, and they include some eye-widening anomalous valuations.…

THE MEXICAN automotive industry is struggling to cope with the resurgence of demand for new vehicles, as it deals with the global shortage of microchips along with the increase in steel costs – hitting manufacturers’ bottom line – a key problem for Mexico USA-oriented export model.…

After completing the technical testing required, central America’s largest apparel factory is about to open in Honduras, producing sportswear for major brands such as Nike or Under Armour, an executive informed just-style.
La Arena, the Tegra Global-owned industrial park in San Pedro Sula, in the country’s north, will receive around 100 employees during the last week of August – its inauguration was delayed from January because of the Covid-19 pandemic.…

The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…

With President Joe Biden assuming office in the United States, the Mexican clothing and textile industry is hoping improved trading relations, building on the legacy left by former President Donald Trump that it regards largely positively.

The Mexican Apparel Association (CANAIVE – Cámara Nacional de la Industria del Vestido) was particularly happy with the renegotiation of the North American Free Trade Agreement (NAFTA), now called the US-Mexico-Canada Agreement: “USMCA opened new opportunities for our industry while seeking to obtain a more solid regional integration,” said CANAIVE, in a note to just-style.…

CUSTOMS forces can benefit from new sensor kit, enabling them to scan containers to ensure contents are as declared on docket – but to use these techniques to fight trade-based money laundering, they need to be integrated with accurate financial intelligence.…

PEACE appears to be breaking out between the European Union (EU) and the UK on one side the USA over an aircraft subsidy-prompted trade war that had led to billions of dollars of duties being levied on food and drink exported between these countries.…

THE REPUTATION of the Caribbean’s major cigar production centres – Cuba, the Dominican Republic and Nicaragua – has dominated global markets for years. But the entire region’s balmy and moist climate and rich soils are ideal for growing cigar wrapper and filler leaf.…

WHILE Covid-19 dealt body blows to Bangladesh’s apparel industry last year, one fast-expanding segment fared surprisingly well: denim. While the south Asian country has been the largest exporter of jeans clothing to the European Union (including the UK) for the past few years, as per Eurostat data, last year (2020) it was the largest overseas source of denim to the USA, elbowing out Mexico, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).…

THE INTERNATIONAL trade in knitwear products and inputs contains significant variations in prices that can be leveraged buy smart traders within the industry who analyse import-export data and orientate their purchasing and sales practises accordingly.

That said, knitwear traders and manufacturers need to be aware that some bargains really are too good to be true and could be an indication that certain trade flows are being exploited by money launderers seeking to move criminal proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…