Search Results for: French
10 results out of 1468 results found for 'French'.
MEAT-LOVING RUSSIANS READY TO GIVE SUBSTITUTES A CHANCE
Traditionally a society of meat lovers, Russians are now developing a taste for vegetable and cereal-based products that reflect the taste and texture of meat – food manufacturers are eager to cater to this trend.
International companies have been entering this segment in Russia, while ambitious local startups are rapidly expanding their production capacities.…
ROMANIA’S TEXTILE INDUSTRY FACES LONG WAY TO RECOVERY
Hit heavily by Covid-19 and short of governmental help, Romania’s clothing manufacturers are pessimistic about their prospects. Romania’s textile and clothing brands fear it might take a long time to recover from the pandemic, after eight months of restricted business, and falling incomes.…
KNITWEAR TRADE IS VULNERABLE TO TRADE-BASED MONEY LAUNDERING CLAIM CRIME EXPERTS
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.…
INTERNATIONAL REGULATORY ROUND UP - CAOBISCO APPEALS TO BRUSSELS AND WASHINGTON TO END FOOD TARIFF WAR OVER AVIATION SUBSIDIES
EUROPE’S confectionery and sweet bakery association CAOBISCO has been pressuring the European Union (EU) to resolve a long-running trade dispute with the USA over aircraft manufacturing subsidies causing Washington to impose tariffs on European food exports. These include 25% duties on exports from the EU (including the UK) of raspberry, strawberry, apricot, peach and other jams; cherries and peaches; sweet biscuits from Germany; waffles and wafers from Britain and Germany; and an additional 25% on these jams when exported from Germany and France.…
INTERNATIONAL TECHNICAL UPDATE –
The International Federation of Accountants (IFAC) has released a white paper saying that the accounting profession needs to learn from the challenges of Covid-19, investing in boosting communication skills. This will enable accountants to be more effective pro-active trusted partners with their clients, able to adapt to flexible and remote working even after the pandemic subsides.…
SWITZERLAND PAINT AND COATING INDUSTRY’S QUALITY HELPS IT PUSH THROUGH COVID-19 EPIDEMIC
Switzerland may be a small country of 8.5 million people, with an area of 41,285 km², 60% of which is mountainous, but its paint and varnish industry is substantial and growing, despite the Covid-19 pandemic. Of course, it helps that Switzerland is rich.…
MOROCCO UNIVERSITY DEVELOPS INTERNATIONAL AGRITECH DEVELOPMENT PILOT THAT COULD BE REPLICATED NATIONWIDE
Euromed University Fez, in Morocco, has been chosen as the regional academic partner to launch what is hoped to be a revolutionary agritech development hub aimed at transforming Moroccan small-scale subsistence farming into fully digitalised and innovative agri-food businesses.
The university – also called Université Euromed de Fès (UEMF) and based in the country’s second largest city – will help farmers to create an industry exporting quality products overseas, alleviating rural poverty and using farming techniques that counter ecological challenges.…
ANNUAL EU CRIME REPORTS SHOW EUROPEAN INSTITUTIONS STILL FAILING TO CRUSH ENDEMIC FRAUD
THE EUROPEAN Union (EU) continues to struggle to clamp down on fraud within its revenue collection and spending programmes – making progress, but with major scams still emerging within the EU’s complex international decision-making systems.
In its latest annual ‘fight against fraud’ report (1) (2), covering 2019, the European Commission reports that 939 discovered irregularities were reported as fraudulent (8% of the number), involving EUR461.4 million in lost money (28% of that affected by irregularities).…
AML PROFESSOR’S TRADE DATABASE RAISES RED FLAGS OF POTENTIAL TRADE-BASED MONEY LAUNDERING
TRADE-based money laundering (TBML) is often hard to spot – that is why criminal networks use this typology. But a careful analysis of detailed trade data can reveal anomalous pricing flagging the possible presence of TBML. This is the key goal of a trade database created by a business professor at the USA’s Florida International University.…
CHINA UNDER INCREASING PRESSURE TO BOOST ML CONTROLS
With China turning from capital inflow to outflow amid Chinese companies’ global expansion programs, Chinese financial institutions are facing closer anti-money laundering scrutiny, as they, too, expand globally. Indeed, China’s top five banks had 1, 270 overseas branches at the end of 2017 (according to FATF (the Financial Action Task Force).…