Search Results for: Haiti

THE EUROPEAN Commission has proposed a new revamped European Union (EU) directive on combating fraud and counterfeiting of non-cash means of payment, with a key aim of criminalising scams associated with virtual currencies.

This legislation, which updates now obsolete 2001 rules, would insist EU member states treat as crimes possessing, selling, procuring, importing and distributing a stolen or unlawfully appropriated counterfeited or falsified non-cash payment instruments.…

The official leading Switzerland’s efforts to combat money laundering in the country’s banking system has denied that a scandal unveiled last week involving Credit Suisse shows weaknesses in efforts to stop ill gotten gains being hidden in Swiss banks. Credit Suisse has acknowledged that tax authorities in France, the Netherlands and the UK are investigating the bank for tax evasion and money laundering.…

A report released yesterday (Mar 10) by the Organisation for Economic Co-operation & Development (OECD) has advised textile manufacturers to support government efforts to tighten environmental rules, saying they are unlikely to cause a loss of business.

The report is an attempt to dispel the widely-held view that tighter environmental rules increase costs and damages business – especially in emerging market manufacturing hubs.…

Playing the blame game with worldwide known fashion brands has become a key strategy at Brazil’s labour and employment ministry, stopping the country’s textile and clothing sector from exploiting vulnerable workers, government inspectors have told WTiN.

They say that the high impact and publicity raids on manufacturing plants over the last five years are finally leading to businesses becoming more responsible over the hiring of workers to toil in poor conditions for little pay.…

The lack of coordinated control of unmanned aircraft (drones) gathering information and data following a disaster such as the recent Nepal earthquake has been highlighted at the bi-annual European Civil Protection Forum, in Brussels. A debate staged on April 6 on the subject was told by Michel Feider, director of Luxembourg’s Search and Rescue Agency (CHECK), that there had been poor co-ordination between the groups using drones responding to the earthquake disaster Unmanned aerial vehicles (UAV) were trying to map the resulting physical damage and monitor population movements and camps, as they had done following the Hurricane Sandy incident in Haiti five years ago.…

The trend towards the dual sourcing of garments has accelerated since the middle of the last decade. The sourcing pattern involves initial volumes being sought in the east, with lead times of up to three months, and replenishment from locations closer to the consumer, within weeks or even days.…

The request was highly unusual. But, when the ambassador of Haiti to Canada heard that Montreal’s Mirabel airport was to be demolished, his thoughts turned to his country’s Cap Haïtien airport, which was undergoing large-scale renovation. The doomed airport’s equipment, he figured, would be of more use in Haiti than on the scrap-heap.…

BRITISH Chancellor of the Exchequer George Osborne has welcomed the striking of an Organisation for Economic Cooperation & Development (OECD) agreement to automatically share tax information on individuals by the year 2018. “Tax evasion can only be tackled with a global solution,” he told journalists at the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes meeting in Berlin.…

Sourcing trends in fast fashion in Europe and north America are in flux, being affected by the economic downturn, changes in consumer behaviour and growing awareness of industry practices, especially in the wake of the Rana Plaza collapse in Bangladesh last year.…

IN the 1970s and 1980s, the governments of Latin America and the Caribbean did not have a comprehensively robust reputation for sound financial management. Many Caribbean island states had newly emerged from colonialism, finding their way as independent countries. And many Latin American countries were riven by social discord, even civil war, with many under military rule.…