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Pakistan remains a source of concern to global anti-money laundering (ML) authorities even though the Financial Action Task Force (FATF), the world’s leading AML organisation, removed the country from its monitoring process last February (2015). Then, FATF cited Pakistan as having made “significant progress” in improving its AML and CFT (combating the financing of terrorism) regime.…

THE INTERNATIONAL Energy Agency (IEA) has warned that Belgium’s planned phase-out of its nuclear power capacity threatens the security of its energy supplies. In a paper on the country’s energy outlook, the IEA concluded: “Phase-out by 2025 is close. Security of supply needs to be ensured, but new investment in generation capacity is lacking.”…

In 2015, North America’s manufacturing capacity for nonwovens (regarding the United States, Canada and Mexico) grew from 2014 by 2.4% to reach about 2.77 million tonnes, according to a spokesperson for the US-based Association of the Nonwoven Fabrics Industry (INDA). The United States dominates supplies in the region, making up 91% of capacity.…

THE EUROPEAN Commission has announced that it will propose a ‘services passport’ system by December 31, designed to simplify administrative procedures for service providers, such as accountants, auditors and bookkeepers, who want to expand to foreign member states. EU internal market, industry, entrepreneurship and SMEs Commissioner Elżbieta Bieńkowska said: “The cross-border provision of services in the EU is underdeveloped, in particular in the area of business services – such as accounting…” The passport system would give accountants more information, boosting legal certainty and clarity about relevant professional rules in another member state.…

Argentina’s automotive industry is poised for a rebound in 2017 after production slumped by 38% over the past four years, say experts encouraged by the performance of the country’s new government.

“We see Argentina’s car market turning the corner now,” said Neil King, the London-based head of automotive research at Euromonitor International, a research firm.…

As the European Union (EU) dairy industry continues to face challenges, it is calling for EU institutions and member governments to have a greater focus on resolving Russia’s ban on EU agricultural goods, while continuing to open up new markets. In the meantime, the Russian ban has not helped an oversupply problem that is depressing prices.…

Fraud investigation has come a long way since the days when police launched dawn raids on suspect premises, driving criminals to flush away paper evidence down the toilet. We have technology to thank for that.

Advances in information handling have radically changed the ways in which big companies guard their financial records and the methods used by fraudsters to overcome them.  …

Fraud investigation has come a long way since the days when police launched dawn raids on suspect premises, driving criminals to flush away paper evidence down the toilet. We have technology to thank for that.

Advances in information handling have radically changed the ways in which big companies guard their financial records and the methods used by fraudsters to overcome them.  …

RUSSIA’S agriculture ministry has announced that it is drafting a decree that will extend the country’s ban on imports of a wide range of European Union (EU), US, Canada, Australia and Norway food exports until December 31, 2017. Russian agriculture minister Alexander Tkachev said in Moscow today that his ministry did not plan to expand the number of products covered by the ban.…

AS accountants, auditors and their business clients consider whether the UK should remain in or leave the European Union (EU) in the upcoming referendum on British EU membership, it has become abundantly clear that there are no simple options.

Remaining in the EU will mean the UK will continue to face demands for accepting European taxation policies that its government and businesses may find unpalatable, especially as it seeks to cement the City of London’s place as Europe’s, if not the world’s, premier financial centre.…