Search Results for: Poland
10 results out of 964 results found for 'Poland'.
EUROPEAN COMMISSION CRACKS DOWN ON 5AMLD AND 4AMLD NON COMPLIANCE
The European Commission has launched a series of infringement procedures for shortcomings in national legislation implementing the European Union’s (EU) fourth and fifth anti-money laundering directives (4AMLD and 5AMLD), including one against Britain, even though it left the bloc on January 31 (but remains subject to EU law during a transitional period to December 31. …
ITALIAN FOOD MANUFACTURERS FEAR FALL IN DEMAND AFTTER CURRENT COVID-19 CRISIS RETAIL SPIKE ENDS
The president of Italian food industry association Federalimentare has told of his concern about the medium- to long-term effects of the drop in demand for Made in Italy foods caused by Covid-19 epidemic affecting the country.
Ivano Vacondio said that the current spike in domestic food demand is “atypical and fleeting”, noting that hoarding by Italian consumers has, until now, camouflaged problems that will soon emerge, he said in statements sent to just-food.…
TRADE DATA ANALYSIS INDICATES WIDE SCOPE FOR TRADE-BASED MONEY LAUNDERING MAY INVOLVE THE SHIFT OF BILLIONS OF DOLLARS IN VALUE
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.…
AML/CFT HIGHER LEARNING AND TRAINING STILL DEVELOPING AND MERGING - INTERNATIONALLY ACCEPTED MODELS YET TO COALESCE
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.…
EUROMONITOR INTERNATIONAL SAYS NICOTINE CONSUMPTION IS FALLING
Nicotine consumption is declining worldwide, with smokers are consuming less, as well as e-cigarette and heated tobacco users, according to market research provider Euromonitor International’s ‘Nicotine Survey, Exploring the Modern Nicotine Landscape’.
“Overall [the study] shows nicotine prevalence is declining not growing, and it is clear to see there isn’t much evidence that greater availability of nicotine formats is increasing smoking prevalence among adults,” said Shane MacGuill, head of tobacco research at Euromonitor International, in a webinar attended by TJI.…
EU MEMBER STATES HAVE FAILED TO COMPLY WITH 5AMLD ON CREATING OPEN UBO REGISTERS
Only five European Union (EU) member states out of the current 27 have fully and properly complied with a requirement to set up public ultimate beneficial ownership (UBO) registers by January 10 (2020) under the fifth anti-money laundering directive (5AMLD), according to research by campaign group Global Witness.…
POLISH FINISHING SECTOR LOOKS TO DIGITAL PRINTING TECHNOLOGY TO SHARPEN ITS COMPETITITVENESS AS EUROPEAN OUTSOURCING CENTRE
Digital printing is still a relatively new concept to Poland’s traditional fabric finishing sector – but national pride in the country’s well-established textile sector is sparking a desire to modernise so it can maintain its competitive edge. Much of the resulting investment has been focused on local and independent textile printers located throughout the country – but a significant number of these are based in Łódz, central Poland, a key textile manufacturing hub, with the port-town of Gdynia also being home to upgraded finishing plants.…
EUROPEAN NONWOVENS INDUSTRY FOCUSES ON INNOVATION TO STRENGTHEN ITS INTERNATIONAL MARKET POSITION
WORRIES about the future of manufacturing in Europe are certainly not being applied to the continent’s nonwovens industry, which has been growing steadily in recent years. Indeed, last year, the overall production of nonwovens in Europe in 2018 grew by around 1.3% year-on-year to reach 2.76 million tonnes, (the most recent Europe wide figures released by industry association EDANA).…
EU AND WTO REGULATORY ROUNDUP – BRUSSELS LOOKS TO FOOD AND DRINK FREE TRADE IN FINAL STATUS DEAL WITH UK
THE EUROPEAN Union (EU) has set out plans for a future trading relationship with the UK after the current transitional period, where Britain follows EU rules, expires on December 31 – it includes unfettered free trade in food and drink products, without tariffs and without restrictive quotas.…
SPAIN’S INNOVATIVE BEAUTY SECTOR BOOSTS EXPORTS AND GROWS BUSINESS IN AN INCREASINGLY SOPHISTICATED HOME MARKET
Like other European cities, the sheer number of cheap nail salons that have exploded in Barcelona in recent years has reached saturation point. There is one, however, that has a waiting list. Dvine creates the ‘art nails’ that have become the statement accessory of Rosalia, the Catalan singing sensation who swept the 2020 Grammy Awards.…