Search Results for: Dutch caribbean

The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…

In late-July, the European Investment Bank (EIB) agreed on the financing structure of NeuConnect, the first ever energy link connecting Germany and the United Kingdom, two of the largest electricity markets in Europe. The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).…

The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).  Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).…

Major vaping players are investing in innovative solutions to offer healthier, more pleasant, and more eco-friendly products, trying to reshape a segment facing a growing number of restrictive laws worldwide.

According to the Dublin-based market researcher Research and Markets, “the global e-cigarette market reached a value of USD20.4 billion in 2021” and should reach USD30 billion by 2027 (1).…

A lack of reliable data across Africa has weakened policies to improve higher education across the continent, development experts argue. They claim the problem is compromising the achievement of the UN’s Sustainable Development Goal (SDG 4) (1) to leave no one behind in tertiary education by 2030, even though several local data development initiatives are trying to improve the flow of useful statistics.…

The Netherlands has only moderate effectiveness in its AML/CFT policies regarding supervision, preventative measures, legal persons controls and financial sanctions, according to the latest FATF mutual evaluation report (MER). These assessments now highlight effectiveness assessments alongside technical compliance ratings. And while, overall, FATF concluded that the Netherlands’ AML/CFT was “delivering good results”, it added that the country “needs to do more to prevent legal persons from being used for criminal purposes, strengthen risk-based supervision, and ensure sanctions for money laundering and terrorist financing offences are proportionate and dissuasive”.…

The Indian garment manufacturing industry is optimistic about the impact of a free trade agreement (FTA) between its country and the European Union (EU), which it thinks could be concluded next year (2023).

“It would be a game changer,” Gautam Nair, chairman of the export promotion committee of India’s Apparel Export Promotion Council told Just Style, highlighting how an anticipated “9.6 to 12 percent duty [reduction] makes a big difference in our competitive business.”…

Consumers in Europe need to be offered clear labelling so that they only buy halal meat, especially from animals not pre-stunned before slaughter, if they want to, animal rights organisations and halal groups have told Salaam Gateway.

“We think it would be helpful if all meat was labelled pre-stunned or not so people can make informed choices,” said Dr Nick Palmer, head of Compassion in World Farming UK, an animal welfare campaign and lobbying group: “It is undesirable for non-pre-stunned meat to be accidentally purchased by consumers who would prefer to avoid it.”…

The Covid-19 pandemic forced many AML/CFT practitioners to work remotely, forcing training away from the face-to-face learning that has been dominant in the past. But now, as the pandemic wanes, combining innovative remote AML/CFT learning practices developed during Covid-19 with longer established in-person training is under consideration.…

Growing environmental concerns and rising awareness of sustainable energy resources is driving considerable growth in the global used cooking oil (UCO) market. Production is also being boosted by recent technological advancements in UCO processing, expanding supplies from the rapidly evolving foodservice industry and initiatives by various governments to promote UCO for industrial use.…