Search Results for: Austria
10 results out of 829 results found for 'Austria'.
INDUSTRY WELCOMES COMMISSION’S TESTS TO CURB DUAL QUALITY FOOD PRODUCT SALES
THE EUROPEAN confectionery industry will later this year face hard evidence about the veracity of claims that certain brands sell lower quality products in eastern Europe than they do in the richer west. These claims – dismissed by many manufacturers as urban myths – are widely believed in eastern Europe, promoting the European Commission to act and set up a testing system.…
ORGANISED CRIME RAISES MONEY LAUNDERING CONCERNS IN VULNERABLE FINANCIAL CENTRE JAPAN
JAPAN’S long-standing exposure to organised crime groups such as the Yakuza means that however effective the country’s anti-money laundering and combatting the financing of terrorism (AML/CFT) systems maybe, they will continue to face sophisticated challenges.
Despite enhanced criminal and civil legislation targeting Japan’s underworld groups, such as the February 2000 Act on the Punishment of Organised Crimes and the March 2007 Act on Prevention of Transfer of Criminal Proceeds (See part 4 at https://www.npa.go.jp/sosikihanzai/jafic/en/maneron_e/manetop_e.htm),…
AFRICAN SWINE FEVER CASES ARE STILL COMMON IN RUSSIA AND THE REGION, AT-RISK EU COUNTRIES ARE TAKING MEASURES
Cases of African Swine Fever (ASF) are still very common in Russia, despite its continued ban on European Union (EU) pigmeat exports, imposed since January 2014 following a handful of cases in Poland and Lithuania. While outbreaks have continued in the EU, Russia – whose ban was imposed on live pigs, pork and pig products over fears importing ASF-infected meat and livestock, has from last July (2017) to today (January 30) notified to the World Organisation for Animal Health (OIE) around 2,800 ASF cases of domestic pigs, and 90 cases in wild boars.…
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.…
AUSTRIA TOLD TO TIGHTEN UP CHARITY TERROR CONTROLS AS FATF REVIEW CONTINUES
THE FINANCIAL Action Task Force (FATF) has welcomed Austria’s latest anti-money laundering/combating the financing of terrorism (AML/CFT) reforms although it has stressed that some changes are still needed and so the country will remain under a FATF review.
Notably, Austria has insufficiently assessed its non-profit organisation (NPO) sector “to identify NPOs at risk of TF abuse, the nature of threats, how terrorist actors use NPOs, or the adequacy of NPO laws and regulations.”…
ECHA WARNS THAT UK PLASTICS CHEMICAL FIRMS MAY SUFFER BECAUSE OF BREXIT
THE EUROPEAN Chemicals Agency (ECHA) has warned of the major impact on British plastics chemical suppliers and their trading partners in Europe, should the UK push ahead with quitting the European Union (EU) as planned, on March 29, 2019.
It has released a database seeking to advise chemical producers of how their legal obligations will change.…
TECHNICAL REGULATORY ROUND UP - OECD RELEASES TAX EXCHANGE DATA
OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR
THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…
VATICAN STILL FACES WORK TO REDUCE ITS AML EXPOSURE
WHILE the Vatican City State and Holy See’s acceptance that their financial institutions could be exploited by money launderers is far more realistic than the denials of 10 years ago, a much-anticipated Italian court ruling has shown much work is needed to clear dirty money from these hallowed accounts.…
EUROPEAN PUBLIC PROSECUTOR TO BE ESTABLISHED
COMPANIES and citizens defrauding European Union (EU) revenue collection (including customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face direct criminal proceedings brought by a European Public Prosecutor. The EU Council of Ministers has approved establishing this new institution in 20 of the 28 EU member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal, Romania, Slovenia and Slovakia.…
EU ROUND UP - EUROPEAN PUBLIC PROSECUTOR TO BE ESTABLISHED
COMPANIES and citizens defrauding European Union (EU) revenue collection (including
customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face
direct criminal proceedings brought by a European Public Prosecutor (EPPO). The EU
Council of Ministers has approved establishing this new institution in 20 of the 28 EU
member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia,
Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal,
Romania, Slovenia and Slovakia.…