Search Results for: Australia
10 results out of 1414 results found for 'Australia'.
WESTERN COUNTRIES INTRODUCING DPAS 25 YEARS AFTER USA – BUT CAUTION ABOUNDS IN ROLL-OUT
DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators to pay a fine and avoid prosecution, are becoming increasingly common worldwide. Enabling wrongdoers to avoid being debarred from bidding for many contracts and providing law enforcers with a commitment that companies and individual fraudsters will avoid fraud in future, DPAs offer benefits for police and suspects.…
TECHNICAL REGULATORY ROUND UP – BEPS CONVENTION SOON T BE IN FORCE
*The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) is closer to being in effect, with Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia signing. Now 78 jurisdictions have signed the convention, with Algeria, Kazakhstan, Oman and Swaziland to sign soon.…
PRESSURE GROWS ON GOVERNMENTS TO INTEGRATE LIVESTOCK WITHIN PARIS AGREEMENT-RELATED CLIMATE POLICIES
GOVERNMENTS are starting to develop anti-methane emission policies that could impact the meat and livestock industry as part of their response to the 2015 Paris agreement on climate change. World leaders who participated at November’s COP23 (conference of parties) climate summit in Bonn, Germany, were advised by a key investor group to reduce livestock methane if greenhouse gas emissions are to be tackled effectively.…
INTERNATIONAL TECHNICAL ROUND UP – EU RELEASES TAX EVASION BLACK LIST
*The European Union (EU) Council of Ministers has published a blacklist of jurisdictions it thinks do not cooperate sufficiently with international efforts to reduce tax evasion. They are American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…
THALES BOSS SAYS GLOBAL DRONE RULES COULD BE IN PLACE BY 2019
THE STRATEGY and business development director of global aviation and transport systems giant Thales predicts that a global set of comprehensive rules controlling unmanned aircraft could be in place by 2019. That would be the year of the next triennial assembly of the International Civil Aviation Organisation (ICAO), and allow enough time for expertise to be developed in countries such as the USA, Singapore, Australia, and the UK, that are leading on drone regulation.…
AUSTRALIA’S CBA BANK ADMITS MAJOR BREACHES OF AML RULES
THE COMMONWEALTH Bank of Australia (CBA) has admitted significant failings in its anti-money laundering and terror finance controls, with the country’s financial intelligence unit (FIU) AUSTRAC alleging more than 53,800 contraventions of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. CEO for AUSTRAC (the Australian Transaction Reports and Analysis Centre) has said: ‘These allegations are very serious and reflect systemic non-compliance over approximately six years”, between 2012 and 2017.…
CHINA MERINO DEMAND BONANZA CONTINUES TO BE FED BY AUSTRALIAN INPUTS
THE POPULARITY of soft merino wool in China is growing, with this demand offering Australian wool exporters a potential export bonanza, until – and if – Chinese wool growers develop their own merino supplies.
But for the time being, say Australian and Chinese merino experts, efforts to develop Chinese merino production remains stuck in laboratories, with Chinese consumers mistrustful of the quality of China-made wool.…
VIETNAM’S FREE TRADE AGREEMENTS SPUR HEALTHY TEXTILE INDUSTRY
NEW Free Trade Agreements (FTAs) signal a promising outlook for the Vietnamese textile industry with tariff concessions providing the biggest stimulus to figures, according to the country’s trade officials.
Attendees at the 17th Vietnam International Textile & Garment Industry Exhibition, held late last month (November 22-25th) in Ho Chi Minh City, heard the deals will impact significantly on the national textile sector.…
BEAUTY PRODUCT SECONDARY PACKAGERS ORIENTATE DESIGNED TO DELIVER MORE SOPHISTICATED BRANDING
PERSONAL care product packagers are taking increasing care over the design and development of secondary packaging, noting that this can impart brand value, just in the same way as the elegant primary packaging that has always been part of the personal care product experience.…
ASIA REGULATORY ROUND UP – HK REGULATORS INSIST ON EFFECTIVE CYBERSECURITY MANAGEMENT
HONG Kong regulators have laid down binding rules on financial institutions insisting that they practice effective cybersecurity management. The special administrative region’s (SAR) Securities and Futures Commission (SFC) has issued ‘Guidelines for Reducing and Mitigating Hacking Risks Associated with Internet Trading’ requiring all licensed or registered internet traders to implement 20 steps to reduce cyber-attack vulnerabilities.…