Search Results for: Canadian

The Canadian automotive industry has welcomed the deal within the USA’s Democratic Party to propose a revised tax credit on purchases of electric vehicles (EV) in America which extends the payment to EVs made across north America, including Canada and Mexico.…

The economic development minister of Canada’s automotive industry hub Ontario has welcomed today’s (July 13) announcement by Belgium’s Umicore to sink Canadian dollars CAD1.5 billion (USD1.15 billion) investment to build a cathode and precursor materials manufacturing plant.

It will be near Kingston, eastern Ontario, with operations scheduled to begin in 2025.…

A memorandum of understanding has been signed by the IFRS Foundation with Canadian investment agency Montréal International to obtain financial support from the governments of Canada and Québec to establish a base in Montréal for the International Sustainability Standards Board (ISSB).…

The Covid-19 pandemic forced many AML/CFT practitioners to work remotely, forcing training away from the face-to-face learning that has been dominant in the past. But now, as the pandemic wanes, combining innovative remote AML/CFT learning practices developed during Covid-19 with longer established in-person training is under consideration.…

The American infant formula market has been suffering from shortages, in part, because of a problem rarely encountered in the US economy, a lack of free market competition.

The nationwide baby formula out of-stock percentage was at 74% for the week ending May 28, according to retail-tracking company Datasembly.…

A major commission of inquiry in the Canadian province of British Columbia (BC) has concluded federal AML institutions are so ineffective, they should be bolstered by special provincial law enforcement and regulation.

The report, headed by a BC supreme court judge, Austin Cullen, lambasts Canada’s federal FIU FINTRAC, for failing “to produce timely, useful intelligence about money laundering activity”.…

Fighting money laundering is tough enough in peacetime, requiring the careful application of sophisticated and complex investigative techniques, so outbreaks of war can damage efforts to fight ML and terror financing. The chaos of war can also provide opportunities for financial crime and the laundering of its proceeds, including the evasion of sanctions.…

Cannabidiol oil, or CBD oil, has steadily become a more in demand commodity supplied by the bio-based oils and fats industry due to rising product usage in food, pharmaceuticals, supplements, nutraceuticals, lotions, shampoos, soaps, bath gels, massage oils and cosmetics.

Product developers stress how CBD products can provide consumers with relief for anxiety, depression and post-traumatic stress disorder.…

After a strategic review of the work of the Financial Action Task Force (FATF), beginning in June 2019, AML/CFT observers were wondering if major change would follow when member states concluded how they would respond following the body’s April (2022) ministerial meeting.…

INTRODUCTION

In the competitive and innovative world of smart textile manufacturing and sale, companies strive to maximise functionality and minimise costs. Their ingenuity is the basis of their competitiveness. But as with all industries, some costs are out of their control.…