Search Results for: International law

BY MARK ROWE
UZBEKISTAN has been at the forefront of international AML efforts in the central Asia region, a spokesman for the United Nations Office on Drugs and Crime (UNODC) told the Money Laundering Bulletin. Uzbekistan has the most advanced AML legislation and apparatus of all the former Soviet Central Asia and has signed more than 20 bilateral and multilateral agreements on cooperation in fighting illicit drug trafficking with its Central Asian neighbours, as well as with Azerbaijan, Georgia, Iran, Pakistan, Russia and Turkey, according to the International Money Laundering Information Network (IMOLIN), (whose contributing members include the Financial Action Task Force (FATF), the Asia Pacific Group on Money Laundering, the United Nations and the World Customs Organisation).…

BY KEITH NUTHALL
EUROPEAN Commission proposals to boost nuclear energy safety in Europe have come under fire from the European Parliament. MEPs has supported a critical report by Finnish MEP Esko Olavi Seppänen saying it fails to indicate any weaknesses in existing nuclear safety regulations.…

BY DEIRDRE MASON
WHAT price safety? Ports and shippers racing to comply with an extremely tight deadline to meet the new International Marine Organisation security requirements are still not sure what the final bill will be. However, with the newly added SOLAS (safety of life at sea convention) special measures and the also new International Ship and Port Facility Security (ISPS) code due to come into effect on 1 July 2004, those who are not already well down the line to meeting the requirements will find the costs rising sharply as demand for security services steps up.…

BY KEITH NUTHALL
THE EUROPEAN Commission may have to wait for the US and Canada to lift retaliatory duties imposed over the European Union’s hormone-treated meat ban after EU ministers agreed legislation on the subject. An unnamed US official dismissed EU claims the law fulfilled WTO demands for its ban to be based on risk assessments, claiming that the law’s scientific foundation did not confirm any health threats.…

BY KEITH NUTHALL
EUROPEAN Commission proposals to boost nuclear energy safety in Europe have come under fire from the British and German governments as well as the European Parliament, making it highly unlikely that they will be approved unscathed. In an unusual joint letter to the Commission, UK prime minister Tony Blair and German chancellor Gerhard Schröder criticised Brussels’ proposed directive, claiming that it would not deal tangible benefits in nuclear security.…

Keith Nuthall
THE EUROPEAN Investment bank (EIB) has drawn up plans to lend Euro 270 million to the Czech airport authority CSL to design and construct a new terminal (Terminal North II) at Prague Ruzyne International Airport. The new terminal would be dedicated to flights from countries in the Schengen area bloc.…

BY KEITH NUTHALL
BANKS in Britain’s Channel Islands have reported that fraudsters are attempting to deceive their customers into providing personal banking information by intercepting correspondence and inserting doctored tax collection forms. These counterfeit Form R105’s are based on legitimate British Inland Revenue forms, but solicit more details then the originals and have – of course – a fake return address.…

BY KEITH NUTHALL
LEGAL final warning letters have been sent by the European Commission to Britain, Belgium, Germany, Greece, France, Luxembourg, the Netherlands, Finland, Spain and Sweden, calling on them to swiftly implement a directive guaranteeing consumer protection when insurance companies are wound up.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has bit the bullet and drawn up plans to lend US$250 million to help build the planned key Baku-Tbilisi-Ceyhan oil and gas pipeline from the Caspian Sea to Turkey’s Mediterranean coast.…

BY KEITH NUTHALL
THE ACQUISITION of Greek tobacco company Papastratos by the Dutch subsidiary of Philip Morris has been approved by the European Commission, which can concluded that the deal is not anti-competitive, even in Greece. Even though Brussels accepted Philip Morris would become the national market leader as a result, its concerns were eased by the fact that its existing brands are not in the same price segment as Papastratos’s lines, such as Assos and President.…