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UNDER the current Chinese presidency, global anti-money laundering body FATF has had strong support for its desire to boost the implementation of the AML/CFT policies and laws included in its recommendations. Money Laundering Bulletin interviewed FATF’s executive secretary David Lewis to explore how his organisation and been pushing improvements to supervision of AML/CFT to ensure its expert advice delivers on stemming dirty and terror money flows.…

Members of the incoming European Commission, expected to take office in November, have released more details of a planned ‘carbon border tax’, which could levy charges on metal imports into the European Union (EU). Products affected would be those deemed by the EU as manufactured with excessive carbon emissions.…

Despite having high solar radiation with between 2,800 and 3,500 hours of sunshine in a year (when there are 8,760 hours for each non-leap year), the solar energy potential in East Africa is yet to be fully exploited.

But in this region, it is not fossil fuels that dominate.…

THE EUROPEAN dairy industry will be looking closely at the policies of the new European Commission that is now expected to assume office on December 1 – it is likely to increase pressure on the sector to improve its environmental performance.…

THE EUROPEAN Union’s (EU) fourth anti-money laundering directive had not even been implemented before Panama Papers revelations on massive tax evasion highlighted critical gaps in the bloc’s regulatory framework, especially regarding cryptocurrencies and prepaid cards. The result was directive (EU) 2018/843 of May 30, 2018 commonly known as the fifth anti-money laundering directive.…

Jordanian garment manufacturers and supporting institutions like the International Labour Organization’s Better Work Jordan, plan to introduce garment design training to add value to a sector that is primarily ‘cut and sew’.

Jordan exported USD1.8 billion’s worth of garments last year, just over half to the USA, at USD1.02 billion, but designs are primarily provided by buyers and retailers, with minimal design in-country.…

More than one in five or around 56 million people who accessed public services in Latin America and the Caribbean last year paid a bribe, according to the latest 18-country survey from Transparency International. The police notched up the highest bribery rate (24%), followed by other public services such as utilities (19%). …

THE TURKISH plastics manufacturing sector has grown exponentially over the past decade, but growth has spluttered over the past year due to the country’s economic downturn and currency depreciation raising the cost of raw materials. Investment has also slowed, but manufacturers are optimistic the sector will rebound, with exports remaining strong.…

THE TRADE in food and drink between the European Union (EU) and the Mercosur bloc of Brazil, Argentina, Uruguay and Paraguay is likely to intensify under a new trade deal between the two regional groupings. The agreement, which now needs ratification, will phase out Mercosur duties on 93% of EU exported food and drink product types, including those on wine (27%); spirits (20% to 35%); soft drinks (20-35%); chocolate (20%); biscuits (16 to 18%); canned peaches (55%).…

WHILE the spectre of Brexit looms over the British economy and hence its beauty markets, the fundamentals of its personal care product sector live on. As the UK ponders leaving the European Union (EU), maybe in October, commentators often cast a wary eye at Germany to see how this economic engine of the EU is performing – maybe to check whether Brexit is as big a business mistake as many experts warn.…