Search Results for: England

Britain’s Brexit from the European Union (EU), in full from December 31, 2020, may have freed the UK government from having to follow EU tobacco legislation, except for Northern Ireland, which remains within the EU’s single market for goods, but the tobacco sector is struggling to see benefits.…

The UK’s National Fraud Initiative (NFI) has helped prevent, detect or recover some GBP442.6 million (USD548.58 million) fraud and error through data matching UK-wide in the period April 5, 2020, to March 31, 2022, according to the latest report (1). This brings the total fraud and error losses saved since its creation in 1996 to GBP2.4 billion (USD2.97 billion).…

With the Bank of England predicting Britain will be mired in recession until 2024 H2, the country’s clothing industry has been left considering how much worse this UK slump will be because of Brexit. The central bank has been focusing on more recent challenges – saying that “high energy prices and materially tighter financial conditions” (through interest rate increases fighting inflation) “will weigh on spending”.…

Knitwear brands have been progressively investing in mentorship and incubation programmes, hoping the resulting inspiration will widen their offer with creative products, reach more consumers and promote innovation in their work methods.
London – one of the big four fashion cities, alongside Paris, New York, and Milan – is this month (November) hosting the first collection of products made through the Atelier100 hyperlocal hothouse programme, at the brand’s retail store in Hammersmith (west London) (1).…

Eye-watering energy and fertiliser prices combined with the prospect of higher borrowing costs are leaving few England and Wales farmers untouched. According to experts, even the most resilient will not be able to simply ride the current economic climate. Yet it seems that the current crises are triggering some innovative reactions and often fundamental changes to farming practices.…

Professional money launderers are exceedingly hard to catch, and – if convicted – are invariably replaced by other pros waiting in the wings. What more can be done to go after professional launderers?

Going by the estimates of the global scale of money laundering, and the low seizure rates – by some accounts 1%, by others (such as New Zealand AML specialist Ron Pol) less than 0.1% – efforts to curb the amounts of dirty money sloshing around the financial system are proving ineffective.…

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).…

The rising value of the US dollar in international exchange markets is inflating the value of exported US-made vehicles, while reducing the cost of competing imports and parts sourced overseas.

With war and inflation making the US dollar an attractive option to currency traders, the greenback has been appreciating, including against the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK) and Swiss franc (CHF) – making up the US dollar index (USDX).…

Suspicious transaction reports (STRs) often receive bad press in AML circles, experts claiming they are too expensive, numerous and often containing little value for law enforcement investigations. However, the truth is that STRs are widely used to investigate and prosecute money laundering and associated predicate offences, even if the debate continues over their cost effectiveness.…