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THE UK paint and coatings sales may be on a downward trend according to the latest market data but industry experts are hoping that the industry will bounce back in the medium to long term, even should the country exit the European Union (EU).…

This July is the 30th anniversary of the Financial Action Task Force (FATF), which developed its 40 recommendations on anti-money laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) – but the jury is still out on whether the AML/CFT system it has created is really working.…

FRAUD detection is undergoing “significant disruption” with credibility assessment approaching “a significant inflection point” with traditional polygraph solutions being supplanted machine learning and biometric techniques, said leading US fraud examiner Pamela Meyer.

She said the industry is in “a deception arms race”, with fraudsters – as usual – trying to outwit the latest developments.…

IRISH accountants will be on the frontline of a major investment challenge facing Ireland – how to improve the country’s weak water supply system, without boosting its energy consumption to levels that may fuel climate change.

Combining non-financial with financial reporting is an essential part of making the fine investment judgements that will be needed as Ireland’s government and utilities seek to reform a water system that loses over 40% of its supplies from the national pipe network before it flows from taps.…

GREECE’S cosmetics sector showed significant resilience during the country’s long financial crisis and is currently expanding, as the country’s overall economy pulls ahead (1.9% GDP growth in 2018 and 2.1% projected for this year). However, problems afflicting the country’s personal care product regulations and a duty imposed on cosmetic producers might impact the sector going forward.…

FACED with continuing high levels of fraud attacking European Union (EU) institutions, the European Commission has released its first update of its overall anti-fraud strategy since 2011. The need for a refresh is borne out by crime data: in 2017, EUR467.1 was lost to fraud affecting EU spending and revenue generating programmes.…

Turkey’s anti-terrorism laws have been used extensively by its government following the 2016 attempted coup, but fighting money laundering, corruption and financial crime has not been given the same priority.

With the rule of law undermined by the sacking or suspension of an estimated 150,000 members of the judiciary, civil service and military deemed part of the plot to overthrow President Recep Tayyip Erdoğan, eyes are on the mutual evaluation report being undertaken by the Financial Action Task Force (FATF) of Turkey this year.…

THE EUROPEAN Union (EU) Council of Ministers has accepted a proposal that industrial mineral producers and processors should be allocated free carbon allowances under the EU emissions trading system (EU ETS) until 2030. The decision, backing a proposal from the European Commission, has been made because of concern that mineral production could move outside the EU if the industry was forced to buy such allocations, which is what is generally required.…

THE PLASTICS industry in Poland is expected to continue to its recent strong growth in upcoming years according to market forecasts.

In 2018, the turnover for production of plastic products by Polish manufacturers reached Polish Zloty PLN83.5 billion (USD21.9 billion), up from PLN 76.7 billion (USD20.2 billion) in 2017 according to Euromonitor International.…

SUPERFRUITS offer personal care product brands lots of marketing muscle, delivering an image of exoticism, as well as offering real functional benefits.

As a result, beauty companies have been willing to trawl the world for new super fruit ingredients to give their lines a competitive edge.…