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OP-ED: BOREDOM OPENS THE DOOR TO ISOLATION, DEPRESSION, AND TERRORISM – SO OFFER ALTERNATIVES



WHEN governments talk about how to reduce the risk of terrorism, the most oft-voiced policies are security-based: detecting and cracking down on extremist cells and targeting online propaganda.

But the reality is that a more effective way of reducing societies’ exposure to criminal groups seeking to achieve political ends through violence and fear is simply to make regular life more interesting.…

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ARAB ART CAN INSPIRE MILLIONS – GOVERNMENTS NEED TO MAKE IT HAPPEN



IT is not easy to make a living as a fine artist. So many talented painters, sculptors, illustrators and engravers pay their bills through teaching, and indulge their creativity as a sideline. Others move into commercial graphic design where their scope is confined by the demands of selling products, contrasting with the unbound freedom of imagination enjoyed by the independent artist.…

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UK ENERGY EXECUTIVE ADMITS PAYING USD30 MILLION’S WORTH OF BRIBES



The former global head of sales at Jersey-based energy services company, Petrofac, David Lufkin, January 14 pleaded guilty at the Westminster Magistrates’ Court in London, to three counts of bribery to win USD3.3 billion in contracts in the United Arab Emirates.…

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DEUTSCHE BANK FINED OVER USD130 MILLION FOR FOREIGN GRAFT



German banking giant Deutsche Bank is to pay more than USD130 million in the USA for a string of bribes its “business development consultants (BDC)” paid out in Abu Dhabi, China, Italy and Saudi Arabia, in breach of America’s Foreign Corrupt Practices Act (FCPA).…

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NEW AIRPORT OPENS NEW CHAPTER IN BAHRAIN AVIATION HISTORY



The Gulf kingdom of Bahrain is kicking off 2021 with the grand opening of its new airport passenger terminal, a 210,000 square metre (sqm) building that is four times the size of the existing facility. Following its official opening on January 28, the terminal will be capable of processing 130,000 air traffic movements a year, up from 95,500 in 2019, and will have a handling capacity of 4,700 bags an hour. …

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ASIAN REGULATORY ROUND UP – INTEGRATED INDIAN PIGMENT AND RESIN PLANTS TO AVOID EIA ASSESSMENTS



NEW integrated paint manufacturing units in India with an annual production capacity of less than Indian Rupees INR500 million (USD6.6 million) will soon be exempt from securing prior environment clearance by the ministry of environment and forests (MoEF). This rule, covering plants with production facilities for resins and pigments, is expected to come into force early next year (2021) once the central government formalises and gazettes a new Environment Impact Assessment (EIA) Notification.…

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EU COUNTRIES DRAGGING THEIR FEET OVER PUBLIC UBO REGISTERS



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.…

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SOUTH AFRICA PAINT AND INDUSTRY STRUGGLES THROUGH COVID-19 TO POSITION ITSELF FOR THE RECOVERY



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.…

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AUSTRALIA: NEW AML LAWS DRAFTED – BUT REFORM PROCESS STALLS



 

IN Australia, the process of bringing the nation’s AML/CFT laws and regulations up to international standards has stalled, senior AML/CFT specialists have told MLB. And a widening banking scandal currently highlights the need for reform, they say, with Australian financial institutions struggling to detect and report money laundering and other criminal transactions.…

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ICAO SAYS ATM TECH CAN HELP THE AVIATION SECTOR RECOVER FROM COVID-19, BUT CAN INDUSTRY AFFORD INVESTMENTS?



THE INTERNATIONAL Civil Aviation Organisation (ICAO) is promoting digital technologies within air traffic management systems to shore up the efficiency of a global civil aviation sector severely disrupted by Covid-19. But there is doubt about whether these investments will be made by a pandemic-hit industry.…

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