Search Results for: Germany
10 results out of 3221 results found for 'Germany'.
IRAN STILL TRADING – BUT MAJOR AML VULNERABILITIES REMAIN
Multilateral talks over Iran’s nuclear power programme have partly and temporarily eased certain sanctions against the country. Yet while businesses worldwide are keen to get into the lucrative Iranian market to offer all kinds of good and services, the overarching sanctions regime put in place by the United States, the European Union (EU) and the United Nations still remains, as do the risks of doing business with Iran, considered one of the world’s riskiest jurisdictions.…
GHANA ENACTS FLURRY OF AML LAWS – BUT NO PROSECUTIONS SECURED YET
GHANA continues to be recognised as one of Africa’s success stories. The country remains relatively peaceful and stable, and its economy has grown at an annual average of around 6% over the past six years. As a result, it is maybe not a surprise that Ghana was ranked healthily at 5.88 (10 being the worst score) in the 2014 Basel Anti-Money Laundering index, among the lowest in west Africa, only bettered by established democracy Senegal, with 5.43.…
EU COMMISSION APPROVES TAKEOVER OF ALUMINIUM COMPANY CORIALIS
The European Commission today cleared the acquisition of the Corialis Group, a European supplier of aluminium extrusion services and aluminium doors and windows, by Advent International Corporation, a US investment firm. A Commission communiqué said the deal “would not raise competition concerns as Advent is not active in any market in which Corialis is active” at present, notably the aluminium sector.…
STEEL INDUSTRY WANTS CLEAR SIGNAL FROM EUROPEAN SUMMIT ON EMISSIONS POLICIES
The European steel industry has asked for a signal from the European Council that it can keep on working in Europe and Germany especially, working with an emissions control system that enables it to compete globally. Speaking to Steel First ahead of the European summit which begins tomorrow (Oct 23), Bernd Overmaat, the compliance spokesperson for the world’s largest steel producer ThyssenKrupp AG, said emission certificates should be allocated free of charge under the EU’s emissions trading system.…
EU/WTO ROUND UP – AMERICAN CONCERN OVER CLAIMED EU BIOTECH FOOT-DRAGGING
THE AMERICAN government has complained of delays by the outgoing European Commission that leaves office on November 1 regarding the authorisation of new bio-tech food products and ingredients for use in the European Union (EU). In a strongly worded message to the World Trade Organisation’s (WTO) disputes settlement body, the US said that the EU had failed to leave decisions to regulatory committees acting on European Food Safety Authority (EFSA) advice.…
BRUSSELS ASKS GERMANY TO CHANGE DISCRIMINATORY INHERITANCE TAX
The European Commission has asked Germany to stop allowing tax free legacies to Germany-based charities, if it does not offer the same rights for legacies to charities in foreign European Union (EU) member states. Brussels says this breaks EU capital movement rules.…
EUROPE INVESTS IN LIGNITE DESPITE CLIMATE CHANGE CONCERNS
LIGNITE power station units are still being built and modernised in the European Union (EU), raising warnings from environmentalists that this could negate EU emissions controls. There are lignite projects in various stages of approval, planning or construction in Germany, Poland, Bulgaria, Greece, and Slovenia, for instance.…
IFRS FACES MANY CHALLENGES, BUT THE BENEFITS OUTWEIGH THE COSTS
INTERNATIONAL Financial Reporting Standards’ (IFRS) are not perfect, but their benefits to the European Union (EU) have outweighed their costs, an Association of Chartered Certified Accountants (ACCA) event in Brussels heard on September 25. The European Commission is carrying out its first public consultation on the impact of IFRS in the European Union (EU), seeking formal comments by October 31, helping it generate policy proposals by the end of this year.…
EU ENDS SUPPORT FOR CHEESE, CONTINUES SUPPORT FOR BUTTER, SKIMMED MILK POWDER
THE EUROPEAN Commission has ended the special measure giving private storage aid to manufacturers of cheese of bearing European Union (EU) geographical indications suffering from Russia’s import ban, but it continues it for butter and skimmed milk powder.
Brussels decided on September 23 to end the cheese storage aid scheme “following a disproportionate surge in interest from cheese producers in certain regions not traditionally exporting significant quantities to Russia”, a statement released on the day reads.…
NEW AGRICULTURE COMMISSIONER PREPARES FOR DAIRY LIBERALISATION
THE NEW European Union (EU) agriculture Commissioner Phil Hogan has promised to start preparing to abolish milk production constraints as a matter of urgency when he takes up his post on November 1. At a confirmation hearing in Brussels on October 2, he promised European Parliament agriculture committee members that small farmers with limited incomes would be particular beneficiaries of the planned end of the dairy quota regime from March 2015.…