Search Results for: Ireland

An amendment to a UK Sanctions and Anti-Money Laundering Bill requires the British government to impose such registers on its OTs by this deadline, if the local administrations have not created their own. The UK currently has the world’s only public beneficial ownership register – but it only covers England, Scotland, Wales and Northern Ireland – see http://ownershiptransparency.com/…

CONCERNS continue to grow about capacity in anti-money laundering/combating the financing of terrorism (AML/CFT) systems, with managers being urged to take advantage of the AML profession’s openness to change.

A Dow Jones/ACAMS (Association of Certified Anti-Money Laundering Specialists) global anti-money laundering survey focusing on retail and commercial banking, private banking/wealth management and investment banking, released April 2016, showed 60% of respondents cited increased regulatory expectations as the greatest AML compliance challenge (http://files.acams.org/pdfs/2016/Dow_Jones_and_ACAMS_Global_Anti-Money_Laundering_Survey_Results_2016.pdf…

UK and remaining European Union (EU) food producers are becoming increasingly anxious about the prospect of Britain crashing out of the EU single market without a replacement trade deal. It is a scenario that could leave British manufacturers facing crippling tariffs, border delays and reams of red tape.…

As Ireland approaches full employment, (unemployment is currently just 6.3%), companies facing higher labour costs and competition for staff are improving their workplace environment to become more attractive as employers. They also hope that a new generation of high-spec office spaces – some being unveiled by accounting firms – will boost productivity.…

Paul Simmons, Chief Financial Officer, Marriott International Middle East and Africa, provides a glimpse into running the finances of the region’s largest international hotel operator.

The Middle East – particularly the countries of the Arabian Gulf – is known for its impressive skyline of luxury hotels.…

A VOTE by the UK parliament to insist that Britain’s overseas territories introduce publicly available beneficial ownership registers by December 31, 2020, has sparked anger and dismay within these autonomous, mainly small island, jurisdictions.

An amendment to a UK Sanctions and Anti-Money Laundering Bill requires the British government to impose such registers on its OTs by this deadline, if the local administrations have not created their own.…

INDIA’S information technology hub of Bengaluru (Bangalore) is equipping its Kempegowda International Airport with a new biometric-based passenger authentication system while undertaking a major expansion with a new terminal and a second runway.

The security check will utilise India’s nationwide unique ID ‘Aadhaar’ database, which has collected finger prints and iris scans from almost all the country’s adult population – more than 1 billion people, and which already authenticates bank accounts and telephone subscribers.…

Dairy product manufacturers on both sides of the Irish border are becoming increasingly concerned about possible changes border arrangements between the Republic of Ireland and Northern Ireland, which could interrupt ingredients supplies, once the UK leaves the European Union (EU).

According to Dairy Industry Ireland (DII), the body that represents the interests of the Republic of  Ireland’s primary and secondary dairy processors, replacing the existing open border with a hard border after a planned Brexit transitional period to December 2020 could sever supply chains for some highly popular dairy-based exports: this could include Irish cream liqueur and Irish cheddar.…

The prospect of significant hikes in taxes and administrative red tape on Irish exports and imports travelling through the UK to and from the rest of Europe once Britain leaves the European Union (EU), has prompted Irish exporters to seek more options for direct maritime trade.…

Irish meat and livestock exporters could soon bypass the UK by shipping products directly to continental Europe, in a bid to avoid increased costs and customs checks at British ports, once the UK leaves the European Union (EU).

According to the Irish Exporters Association (IEA), around 67% of Irish exporters currently make use of the UK land-bridge to access continental markets.…