Search Results for: Czech Republic

DAIRY products are supposed to be healthy, tasty, clean and legal, but unfortunately, as with other industries, criminals seek to exploit demand created by honest suppliers through smuggling, mislabelling, adulterating and selling unsafe stock.

These concerns prompt regular action by police, for whom food fraud and related crime is an increasing risk worldwide, and given the international nature of today’s supply chains, cross-border collaboration between law enforcement forces is of special value.…

Somaliland’s higher education capacity may have been growing, but a lack of financial and human resources and the continued lack of international recognition of its country’s self-declared independent status continue to impede progress, say local education leaders.

Ahmed Musa, director-general at the ministry of higher education of the Republic of Somaliland, said infrastructure weaknesses and a shortage of qualified teaching and non-teaching staff were to blame.…

A MAJOR expansion in collecting sales information within the digital economy across the European Union (EU) and beyond has been proposed by the European Commission, to crack down on widescale tax evasion.

The EU executive has proposed reforms to an EU directive on administrative cooperation between tax authorities (see https://ec.europa.eu/taxation_customs/sites/taxation/files/2020_tax_package_dac7_en.pdf)…

THE EUROPEAN Union (EU) dairy sector has been riding out the Covid-19 crisis, despite weak raw milk prices, although looming political challenges regarding the EU budget and Brexit makes its future uncertain.

Pekka Pesonen, secretary general for EU farmers’ federation Copa-Cogeca, warned: “Producer prices have not yet seen an upward trend.”…

The higher education sector of Mozambique has been thrown into disarray by the Covid-19 pandemic, with colleges and universities closed since April 1 when President Filipe Nyusi approved a state of emergency decree, imposing movement restrictions that has been extended to June 30.…

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. …

Entrepreneurship abounds across the diverse island nations of the Caribbean where small, independently-owned beauty product businesses thrive and have been successfully vying for space alongside major international brands in pharmacies, boutiques and family-owned stores alike.

What many manufacturers lack in start-up capital, they make up for in innovation and close proximity to a wealth of organic, raw materials that are finding new favour with modern, discerning consumers at home, with an eye to developing export sales.…

The fact that auditors are struggling to conduct due diligence at companies during the Covid-19 crisis, given a lack of access to documents, offices and staff, is highlighting a key debate that was launched before the pandemic hit – just what standard auditors should target when seeking to prove accounts do not hide wrong-doing or crime.…

THE EUROPEAN Union (EU) and its member states are loosening their subsidy rules and reviewing environmental controls as they consider how to help Europe’s automobile sector recover from the beating delivered by the Covid-19 pandemic. With EU passenger car sales tumbling 76.3% year-on-year in April (these figures exclude Britain, with a 97% fall), EU automobile industry association ACEA, parts association CLEPA, repairers and dealers’ federation CECRA and tire makers organisation ETRMA have called on the EU to “consider temporary flexibilities in competition rules” restricting takeovers and subsidies.…

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.…