Search Results for: European Court of Justice⊂mit=Search

A key political question emerging from the Coronavirus pandemic has been how the disease might readjust relations between this world’s two largest powers – the United States and China. The two countries have had two very different experiences of Covid-19, which reflect their contrasting social and political systems.…

While the rule of President Xi Jinping has not been known for its support of civil liberties in China, his administration has certainly taken proactive steps to fight organised crime. Initially its focus was on corruption, but now the regime is reforming its anti-money laundering (AML) legislation.…

Cryptocurrency innovation is moving fast, with AML/CFT-oriented financial institutions and law enforcement struggling to keep up as criminals exploit the system through newer technology such as decentralised finance and anonymous privacy coins.

The use of cryptocurrencies is surging, and is increasingly being adopted in more, often unregulated, markets.…

AS the European Union (EU) debates the proposed creation of a supra-national EU Anti-Money Laundering Authority (AMLA) and associated reforms to EU AML/CFT law, it must take privacy concerns into account, the European Data Protection Supervisor (EDPS) has argued.

In a comprehensive and detailed comment on the proposed new EU AML/CFT regulation and directive, the EDPS, an EU agency with powers to regulate the EU general data protection regulation, has said it supports these proposed laws’ embrace of the risk-based approach, which implies measures “as effective as possible and as less intrusive as possible”.…

As the global clothing industry is reviving from Covid=19 slump, Bangladesh apparel manufacturers are at last reaping the benefits, industry is also bearing the fruit. In an exclusive interview with Just Style, the new president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hasan noted that the Bangladesh clothing industry suffered a reduction in its exports of USD6 billion from USD34.13 billion in financial year (FY – July-June) 2018-19 to USD27.95 billion in FY 2019-20 and a year-on-year drop of clothing exports worth nearly USD1.5 billion in financial year (FY) 2020-21 (July 2020 to June 2021) (1).…

Curbs introduced by the Chinese government on the use of electricity within the country have been significantly disrupting the textile supply chain, creating anxiety among garment manufacturers even beyond China’s borders. 

These challenges have unfolded after the powerful National Development and Reform Commission (NDRC) on September 16 unveiled a plan stipulating that China will firmly control energy-hungry and high-emission industrial projects.…

Turkish apparel manufacturers are investing significant sums of money in sustainability and traceability, implementing international standards, and adopting digitalisation in anticipation of more consumer demand for eco-friendly products.

With Turkey a higher-end (and cost) apparel manufacturing hub than east Asia, Egypt or Africa, the country’s industry is banking on its value-added production to retain as well as expand exports to Europe and North America.…

The Turkish apparel sector is looking to build on its long-standing record as a major apparel producer for the American market, offering quality products at a swifter time-to-market than its key competitors in Asia, especially China.

Turkey’s apparel exports to the USA remain robust – at around USD1 billion-a-year according to Mehmet Kaya, a board member of the Istanbul Apparel Exporters Association (İstanbul Hazır Giyim ve Konfeksiyon İhracatçıları Birliği – İHKİB).…

The new chair of the International Accounting Standards Board (IASB) has said the body will consider reviewing its standard on intangibles, IAS 38. Following feedback from advisory groups and consultative bodies, Andreas Barckow said that IAS 38 is “more than 20 years old and has never been revisited other than for consequential changes resulting from other projects”.…

The Covid-19 coronavirus outbreak was declared a pandemic on March 11, 2020, by the World Health Organization (WHO) after it spread from Wuhan, China, across the globe. As yet, the world does not know for sure how and why the virus was released.…