Search Results for: Dutch caribbean

Accountants and their clients within the European Union (EU) have had to avoid trading with an increasing number of sanctioned individuals and companies, especially in Russia, following its invasion of Ukraine. Now, with sanctions evasion being criminalised across the EU under a new proposed law, the risk of exposure to sanctions for EU companies and their accountants and auditors has risen further – both when dealing with actors subverting these measures and when undermining sanctions themselves, of course.…

The effectiveness of cross-border collaboration between national and international law enforcement agencies has been demonstrated by recent raids and arrests in the European Union (EU). The European Public Prosecutor’s Office (EPPO) in February (2024) and Swedish police worked with EU judicial agency Eurojust in February (2024) to breach a large-scale cross-border carousel VAT fraud.…

Anti-money laundering (AML) has developed in a top-down manner, with global standards prompting legislation and hence policies and programmes. But the development of AML utilities, sharing CDD resources, has been more bottom up, with programmes developed through trial and error. And while they can give obliged entities more autonomy in how to comply with resulting AML and combating the financing of terrorism (CFT) demands, development has been slow and uneven.…

With Caribbean clothing manufacturing hub Haiti continuing to be wracked with lawlessness, there is some hope within the industry that stability may soon emerge: “We know, we feel, we smell the end of the tunnel,” said Georges Sassine, the president of the Association des Industries d’Haiti, and owner of Haiti’s A,G Textiles SA.…

Universities are “missing the mark of what was a serious wake-up call for the higher education sector” to transform itself, in the post pandemic era, the president of the International Association of University Presidents (IAUP) Dr Fernando Leon-Garcia has said. He was speaking at a panel discussion on Friday during an IAUP semi-annual meeting at Nottingham Trent University, in England’s East Midlands.…

The Netherlands’ universities should be able to set measures to control the numbers of international students and ensure optimal access of Dutch students to local higher education as soon as possible, university representatives have told UWN.

Their comments come during debates over outgoing Dutch education, culture and science minister Robbert Dijkgraaf’s bill ‘for a balanced approach to internationalisation in Dutch higher education’ (‘Internationalisering in Balans’) (https://wetgevingskalender.overheid.nl/Regeling/WGK015111…

The British Virgin Islands (BVI), an autonomous UK overseas territory with a major company formation and offshore banking sector, has abandoned past commitments to create a public beneficial ownership (BO) register. Its government has said it will instead seek to ensure any new publicly accessible register of beneficial ownership (PARBO) will operate in line with the November 2022 European Court of Justice (ECJ) ruling that said: “The general public’s access to information on beneficial ownership constitutes a serious interference with the fundamental rights to respect for private life and to the protection of personal data” (1).…

Sint Maarten, an autonomous country within the Dutch Caribbean, has been struggling to strengthen its AML/CFT system, although it has made tangible progress. Sint Maarten, which comprises the southern third of the island of St Martin in the north-east Caribbean, which it shares with the French collectivity of Saint Martin, had 12 follow up reports for its latest third mutual evaluation round by the Caribbean Financial Action Task Force (CFATF) (1).…

The United Arab Emirates’ (UAE) spending push on mega construction projects is generating strong demand for paints and coatings in this key Gulf region economy.

This includes developments such as ‘Dubai South’, which will house the world’s largest airport, Al Maktoum International Airport.…

As wars and civil wars intensify worldwide, international and national sanctions are being issued thick and fast and are expanding in scope and complexity. Financial institutions are scrambling to keep up, while regulators are clamping down hard on sanctions violators. The outlook is for a broadening of sanctions ahead.…