Search Results for: International law

THE CHAIR of the Egmont Group, which links and advises financial intelligence units (FIUs) worldwide, hopes that a new European Union (EU) AML coordination and support infrastructure now under consideration for FIUs will help European FIUs deal with complex cross-border AML cases.…

The Covid-19 pandemic has changed consumer behaviour as well as revenue streams for criminals, encouraging them to abandon certain laundering techniques in favour of others. Criminals have generated more money through cybercrime by attacking unwary computer users unused to using personal computers at home.…

The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.

Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…

Many of European Union’s 27 member states appear to have been dragging their feet when implementing a key provision of the fifth anti-money laundering directive (5AMLD) (1), setting up a public ultimate beneficial ownership (UBO) register.  The registers should have gone live for the corporate world on January 10, 2020, and two months later on March 10 for trusts.…

SOUTH Africa’s paints and coatings industry has been struggling though the particularly tough Covid-19 lockdown imposed by the country’s government, which saw its manufacturing plants and most paint retailers closed from March 26 until May 1.

What made this order worse was that from March 26 until May 1, homeowners were told to remain at home except for essential purchases, making it hard for them to help each other with renovations, swapping decoration equipment and more – preventing many from undertaking renovations during this enforced time off.…

IT is maybe not a common occurrence for the tobacco industry to find itself on the right side of judicial rulings, but in December, South Africa’s Western Cape High Court ruled that a four-and-a-half month national ban on sales of tobacco products, justified to prevent the spread of Covid-19, had been unconstitutional.…

A FAST-TRACK approval system for the imposition of sanctions by the European Union (EU) on individuals and organisations deemed to have broken international human rights conventions has been approved by the EU Council of Ministers. It has created a regulation that will allow EU member states and the EU High Representative for foreign affairs and security policy to propose that EU-wide sanctions be imposed.…

The Peruvian alpaca-based fabric industry is targeting a robust post-Covid 19 recovery by strengthening its international relationships through strategic alliances. Also, by focusing on innovation, this speciality wool segment is also trying to reverse declines in production and exports worsened by claims of cruelty by alpaca farmers made by USA-based campaign group PETA (People for the Ethical Treatment of Animals).…

In the car of the not-too-distant future, Japanese vehicle technology developer Kyocera Corp believes the dashboard, the engine bay, the front wheels and the front pillars of the vehicle will effectively have disappeared. 

At least from the perspective of the driver and/or passengers when inside the cab.…

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