Search Results for: Mexico

FOUR Brazilian presidents (including the incumbent), dozens of lawmakers, nearly all governors, mayors of major cities, members of the judicial system and of the press, have been tainted with corruption allegations by the sprawling Lava Jato probe. It has had global impact as one of the biggest scandals in history.…

THE PLANNED introduction of mandatory audit firm rotation (MAFR) by the South African Independent Regulatory Board for Auditors (IRBA) has sparked widespread dissention within the country’s business and accounting communities This is despite that the reform’s goal is to strengthen auditor independence and audit quality and that there are some calls for the move to be brought forward from the current introduction date of April 1, 2023.…

CITIGROUP will pay a penalty of USD97.44 million to resolve an anti-money laundering investigation by the USA department of justice into alleged suspicious payments to Mexico by a now-defunct American branch of its Mexican subsidiary Banamex. Incorporated as Banamex USA, this arm of Citigroup (still in legal existence) has entered into a non-prosecution agreement regarding Bank Secrecy Act (BSA) violations.…

Political uncertainty over US trade deals sparked by the ascension of President Donald Trump to power should be eased to avoid stifling innovation in the country’s technical textiles industry which could see it marginalised on the world stage, insiders have warned.…

THE DIFFICULTIES that have surged in the diplomatic relations between the Mexican government and the new US administration of President Donald Trump have increased uncertainty within the Mexican personal care product market and industry.

With Mexico facing US demands to renegotiate the North American Free Trade Agreement (NAFTA), with the risk of the US imposing temporary safeguard duties on Mexican exports to protect American manufacturers, companies in Mexico are seeking to boost domestic consumption.…

THE EUROPEAN Food Safety Authority (EFSA) has launched a comprehensive study into the healthiness of consuming sugar, that could guidance telling consumers when to stop eating sugary foods, such as confectionery. An ad-hoc working group with expertise in dietary exposure, epidemiology, human nutrition, diet-related chronic diseases and dentistry will examine the issue, along with Denmark, Finland, Iceland, Norway and Sweden, which requested the work.…

Success and sustainability appear to be the buzzwords of a US nonwovens industry that is moving forward confidently, leading the north American sector, which it dominates in sales and production.

Having recovered from a slight downward turn in capacity following the recession, the US sector has returned to healthy growth and an improving economic outlook, coupled with ever-increasing applications for engineered fabric products.…

DESPITE significant progress in tightening anti-money laundering (AML) controls within Mexico, and significant progress in fighting the country’s notoriously violent drug traffickers, the fact is that the amount of dirty money laundered in the country remains eye-wateringly high. Despite headline grabbing events such as the arrest and extradition to the USA (in January) of key players like Joaquín ‘El Chapo’ Guzmán – leader of the Sinaloa cartel, underlying problems in Mexican AML policy remain, including budget cuts to AML-related law enforcement and concerns over a weakening of US-Mexico law enforcement cooperation following the election of President Donald Trump amidst anti-Mexican rhetoric.…

AMERICAN suppliers are expanding into Japan’s competitive high-end beef market to build on Japanese consumers’ growing demand for US beef.

In 2016, Japan overtook Mexico to become the leading US export market for beef, reaching almost 260,000 tonnes, worth USD1.51 billion, according to the US government.…

IS the Brazilian textile sector finally seeing an end to the contraction in sales and production prompted by the country’s recession? According to figures released by industry association ABIT (Association Brasileira de Industria Textil e Confecçao), the tide is turning and better times are ahead. …