Search Results for: Dutch caribbean

PROMISING a significant reduction in greenhouse gas emissions, energy cost-savings, sustainable manure management and a diversified revenue stream, the number of anaerobic digestion (AD) plants producing renewable biogas on dairy farms is growing globally. When upgraded to natural gas it can be sold to local utilities companies and used as transportation fuel as well as generate on-farm combined heat and power (CHP) – this biogas can be an important source of income.…

Trinidad & Tobago has a problem regarding tax transparency, one that its financial sector and government want to go away. The Caribbean twin-island state remains the only country that is a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes Global Forum that is listed as totally non-compliant with its rules – see https://www.oecd.org/tax/transparency/exchange-of-information-on-request/ratings/.…

THE EUROPEAN Chemicals Agency (ECHA) has recommended that companies concerned that their compliance with European Union (EU) chemical control system REACH might be impacted by Brexit should continue preparations for Britain’s possible withdrawal. With the UK having been given a new flexible exit deadline of October 31, ECHA has said it “recommends companies to continue preparing for a new, flexible withdrawal date”.…

This July is the 30th anniversary of the Financial Action Task Force (FATF), which developed its 40 recommendations on anti-money laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) – but the jury is still out on whether the AML/CFT system it has created is really working.…

THE WORLD’S shortest commercially-operated runway has been rebuilt, with a new concrete surface replacing the previous degraded asphalt at Juancho E. Yrausquin Airport, on Saba, a Dutch Caribbean island. The runway spans just 400 metres overlooking steep cliffs serving an island which is a dormant volcano with few stretches of flat land.…

AFRICA is without doubt the continent to watch for airport and air traffic control investment in the future. It is the world’s second most populous continent (home to more than 1.2 billion people), and according to Airports Council International (World) – ACI World – Africa was the fastest growing region for air passenger traffic in 2017 and 2018, which rose 6.3% in 2017 year-on-year and 10.8% in 2018 to June year-to-date, year-on-year.…

In the first law enforcement action of its kind, the Dutch Fiscal Information and Investigation Service (FIOD), has shut down a cryptocurrency mixer service Bestmixer.io, alleging it has broken money laundering laws. The service blended potentially identifiable or ‘tainted’ cryptocurrency funds with others, obscuring the trail back to the fund’s original source.…

THE LEGALISATION nationwide of recreational cannabis in Canada last October (2018) was a groundbreaking move – a first for a major western country – and from this coming October 17, at the latest, one that may have significant implications for the beauty business.…

HONG Kong accountants may see an increase in demand for non-financial assessments, with the HK Stock Exchange consulting on proposed new environmental, social and governance (ESG) reporting. It is proposing introducing mandatory disclosure requirements to include board statements considering ESG issues; and what reporting principles are used to develop company ESG reports.…

Turkey’s anti-terrorism laws have been used extensively by its government following the 2016 attempted coup, but fighting money laundering, corruption and financial crime has not been given the same priority.

With the rule of law undermined by the sacking or suspension of an estimated 150,000 members of the judiciary, civil service and military deemed part of the plot to overthrow President Recep Tayyip Erdoğan, eyes are on the mutual evaluation report being undertaken by the Financial Action Task Force (FATF) of Turkey this year.…