Search Results for: Dominican Republic

THE MOLDOVA government was quick to respond to the latest Moneyval assessment (December 2012) of its anti-money laundering (AML) and combating the financing of terrorism (CFT) policies, adopting a five-year strategy and action plan in June. This responded to Moneyval’s recommendations that Moldova improve its anti-money laundering legislation and law enforcement.…

ISLAMIC banks are big business in the Middle East and Southeast Asia, but not thus far in sub-Saharan Africa. The World Bank’s International Finance Corporation (IFC), however, recently took a USD5 million, 15% equity stake in Kenya’s Gulf African Bank (GAB) to support corporate finance and lending to small and medium businesses – its first in the sub-Saharan Islamic bank sector.…

The number of European Union (EU) member states imposing reverse charge VAT mechanisms to prevent sales tax fraud in the scrap metal sector could rise, with EU ministers allowing governments to use these systems without permission from Brussels.

The EU Council of Ministers has approved amendments to the EU’s VAT directive 2006/112/EC, enabling member states to force suppliers to pay VAT, rather than final consumers, when faced with a sudden onset of large-scale VAT fraud.…

THE EUROPEAN Union’s (EU) food and feed safety rapid alert network (RASFF) has warned of a spate of problems involving salmonella contamination of imported meat and meat products. In some instances, consignments were exported from outside the EU, and others, within it.…

A FINAL compromise on planned European Union (EU) laws on the timing of auditors’ rotation should be somewhere between the two proposed extremes of six years and 25 years, the EU internal market Commissioner Michel Barnier is arguing, as EU ministers and MEPs grope towards a deal on the issue.…

IT is common sense that for really fast fashion, sourcing should be made as close to a home market as costs will allow. And for the world’s two largest fast fashion markets – the European Union (EU) and the United States – geography does provide some useful neighbours able to offer lower cost out-sourcing, albeit not as cheap as in east and south Asia.…

To meet apparel and textile brands’ desire to move into fast fashion, manufacturers have begun to embrace new production processes that improve efficiency and performance. Apparel and textile manufacturers have been slower than many other manufacturing industries to embrace supply chain improvements in speed, but are now succumbing to pressure from brands moving into fast fashion retail.…

GEORGIA wine-makers could seize new European Union (EU) export sales through the agreement yesterday (Tuesday) of a ‘deep and comprehensive free trade area’ between the EU and the Caucasus republic. A European Commission official told just-drinks: “Wine imports from Georgia will have free access to the EU market: they will pay no more tariffs, and be imported without any quantitative restriction.”…

‘LA TORRE PUIG,’ the 22-storey Puig Tower now being fitted out in the Plaza de Europa, of the Catalan capital, Barcelona, for Puig SL, the family owned fragrances and fashion firm, will be yet another landmark building for one of Europe’s most beautiful cities.…

THE EUROPEAN Parliament (EP) public health and environment committee, which is handling the draft tobacco products directive (TPD), went a step further from the European Commission on July 10, when it voted to introduce a “positive list” of approved ingredients to be used in tobacco products.…