Search Results for: Colombia

AML compliance departments are having to take an increasingly close look at any transactions involving Venezuela, as its authoritarian government attracts increasingly large numbers of international sanctions.

The European Union (EU) in June sanctioned 11 senior Venezuelan officials following the May re-election of President Nicolas Maduro in polls that the EU said were “neither free nor fair and…lacked any credibility…”

The sanctions – see https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32018D0901&from=EN…

AN INNOVATIVE air traffic management switch from land-based ATC services using classic vectoring, to a performance-based navigation (PBN) arrangement using airliner satellite positioning and RNP-AR (required navigation performance – authorisation required) has dramatically increased the traffic capacity of El Dorado International Airport, Bogotá, Colombia.…

THE DEPUTY Premier of Québec this morning committed her government to helping the Canadian province’s aluminium sector preserve its current level of employment in the face of the American tariffs that have hit the industry since last Thursday.

Speaking at an international aluminium summit in Montreal, Canada, Dominique Anglade said: “If there’s a risk of a reduction in production and not being able to export as much, we will be here to support the companies to make sure they maintain the jobs in the sector.”…

THE LATIN American personal care product market, buffeted in recent years by economic and political instability, looks back on track, with trouble-spots such as Venezuela being very much an exception to overall progress.

Data released by market researcher Euromonitor International has said that the region’s beauty and personal care product sales in 2017 topped USD65 billion in 2017, growing by 42.5% between 2012 and last year.…

THE AMERICAN and Canadian automotive industries will be counting the cost of new tariffs being imposed on steel and aluminum traded between their countries, following the decision yesterday by the Trump administration to start collecting 25% on Canadian steel and 10% on aluminum.…

Argentina’s auto industry had expected a near record year in 2018, but unexpected financial problems that have hit the country in the past month could push the economy into recession and dampen local demand for cars. 
These problems are a far cry from the optimism expressed on April 4, when the heads of three carmakers spoke bullishly about production and sales growth at a business conference staged in Buenos Aires by economic consultancy Invecq Consulting. …

THE PROSPECTS of a successful conclusion to the ongoing talks to renew the North American Free Trade Agreement (NAFTA) have taken a heavy blow from today’s decision by President Donald Trump to impose duties on steel and aluminium products from Canada and Mexico at 25% and 10%, respectively.…

TECHNIQUES for using forensic linguistics to detect fraud continue to be refined as experts debate the best and most reliable way to use such technology and practices. Indeed, specialists continue to disagree over how forensic linguistics should be used in the anti-fraud arena.…

Brazil is by far the country most-named in American investigations for crimes against the US Foreign Corrupt Practices Act (FCPA), with China trailing behind in second place, according to the latest listing from a blog, FCPA Tracker. It says industries cited in the different FCPA probes tied to Brazil include power generation, waste management, oil and gas services, food production, steel manufacturing and telecommunications.…

Diversity – a theme very close to Mohamed Irshad’s heart – could not be embodied by a more appropriate person than the affable, youthful-looking 34-year-old head of global internal audit – the Americas, at French multinational Schneider Electric. Irshad is an Indian national who was born and raised in Dubai, studied in India, has lived in Paris and is now based in Canada.…