Search Results for: Colombia

A growth in alleged steel smuggling into Colombia has sparked concern by steel workers unions, who have successfully pressured the government to take action against illicit trades. The Colombian authorities are investigating recent steel imports from China and Mexico, fearing they may have breached the country’s trading laws.…

DESPITE the presence of anti-fraud legislation, fraud and corruption are an everyday part of life throughout South America, where fraudsters are unlikely to be convicted, let alone penalised.

“Penalties don’t really have an effect on fraudsters,” said Fernando Gamiz, an analyst at the Association of Certified Fraud Examiners (ACFE), with over 20 years of experience working on South American fraud.…

The Inter-American Drug Abuse Control Commission (CICAD), a technical agency of the Organisation of American States (OAS), is playing an increasingly influential role in the Americas in terms of fighting drug-trade linked money laundering. Specifically, CICAD has a central role in the unfolding of the Hemispheric Plan of Action on Drugs 2011-2015 which was adopted by the OAS in 2011, and includes key anti-money launderingAML components.…

A REGIONAL airport on Vancouver Island, British Colombia, has received Canadian dollars CAD1.3 million (USD1.26 million) in Canadian federal government funding to make lighting safety improvements. The money will fund new apron and taxiway lighting plus runway edge lighting circuits at Campbell River Airport.…

A REGULATION aimed at ensuring the rollout of broadband networks across the European Union (EU) is achieved more cheaply and swiftly has been proposed by the European Commission. It tries to force member states to ensure new buildings are broadband ready, while telling incumbent telcos to give access to their physical networks to broadband service providers.…

WHEN the authors of the US declaration of independence said that “Life, Liberty, and the pursuit of Happiness” were goals of their nascent state, they knew what they were talking about. For what is the point of life and the freedom to direct it, if it does not generate happiness?…

COLOMBIA industry associations and politicians have warned the country’s automotive industry is at risk following the signing of a free trade agreement with South Korea in February.

The free trade agreement, which is expected to come into force at the end of this year, will eventually allow South Korea-made vehicles to enter the South American country free of the current 35% tariff.…

THE COLOMBIA government has launched a crackdown on illegal mining in its country, with agencies temporarily suspending the export licence of American coal giant Drummond and then permanently revoking the permits of 32 mine operators.

While the National Mining Agency (ANM) refused to tell the Mining Journal the names of the companies concerned while legal procedures were outstanding, it has said that 70% of the mines are for coal, and others were for gold and construction materials.…

EUROPEAN Union (EU) confectionery manufacturers and their suppliers stand to boost their export sales and reduce import costs with the launch of talks to forge the two largest bilateral trade deals ever sought by the EU – with the USA and Japan.…

COUNTERFEIT cash can be a most useful tool for money launderers. When made properly, high value notes can be moved around the world and spent without recourse to banks, credit card operators and other financial institutions.  And with the increasing sophistication digital counterfeiting technology, this criminal industry is today a truly global enterprise: high quality banknotes can be faked almost anywhere in the world.…