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The central American and Dominican Republic clothing and textile sectors are lobbying against the United States scrapping the China 301 tariffs on finished apparel imports following a possible entente with Beijing, saying that the duties are helping encourage investments in their countries.…

Switzerland continues to fall short on combating foreign bribery and should urgently take concrete steps to adopt key legislative reforms, according to the Organisation for Economic Cooperation and Development (OECD) Working Group on Bribery. It said in a July 20 public statement (1) it is “very concerning” that Switzerland still has not adopted longstanding legislative reforms it first recommended in 2011 (2) in an assessment of Swiss implementation of the OECD anti-bribery convention (3), notably on protection for private sector whistleblowers.…

India’s premium spirits market is growing fast with rising incomes and sharply falling prices in many states boosting sales. India’s gross national income per head in 2021 was USD7,220 compared to USD4,190 in 2010, according to World Bank data. With more money, “Indians are drinking better, but unlike the west [also] drinking more,” Ruchika Gupta, marketing director of Beam Suntory told Just Drinks.…

With corporate fraud rising fast, “hiring for character as well as competence is now the hottest trend” in recruitment practice, Bruce Weinstein, a high-profile USA-based business ethics speaker has told Fraud Intelligence. Securing honest senior managers and board members matters, said the self-styled ‘The Ethics Guy’, who has worked for All State Insurance, the National Football League, Northrop Grumman, the South Carolina National Guard, and more: “It is not only possible to do this; it is essential,” Mr Weinstein stressed.…

Political pressure is mounting on the European Union (EU) to work harder and spent more on fighting fraud, with a European Parliament (EP) motion stressing that investments into fighting fraud saves more money than is lost to fraud and corruption when controls are too weak.…

The Covid-19 pandemic may have been disruptive for the international textile sector, but in emerging regional outsourcing hubs such as north Africa, the potential offered by digital printing is so clear that investment into this modern finishing segment has continued.

Tunisia is a case in point.…

The first woman to chair the International Ethics Standards Board for Accountants (IESBA), Gabriela Figueiredo Dias, of Portugal, intends to boost trust in accountants and auditors worldwide, whose profession has been undermined by public scandals, some highlighting conflicts of interest.

Speaking to Accounting & Business, she said another goal of her three-year term of office, which began on January 1, (2022), would be to formalise IESBA ethical standards for environmental, social, and governance (ESG) reporting and help the sector deal with disruptive technologies, such as artificial intelligence (AI).…

A memorandum of understanding has been signed by the IFRS Foundation with Canadian investment agency Montréal International to obtain financial support from the governments of Canada and Québec to establish a base in Montréal for the International Sustainability Standards Board (ISSB).…

LOYALTY rewards fraud is on the rise. USD1.2 billion’s worth of stolen airline miles alone are being sold on the dark web, says USA–based fraud prevention expert Forter. Subverted loyalty accounts can be a major problem, given 21% of loyalty accounts have credit card details attached, it says.…

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.”…