Search Results for: Mexico

Central America’s increasing exposure to money laundering is at least being recognised by the governments on the region, who are working both individually and collectively to combat the problem.

The region has strengthened cooperation, for instance. A key initiative is the Central American Integration System (SICA), a regional political organisation which coordinates government actions for Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Belize and the Dominican Republic regarding certain policy development and programmes, notably improving law enforcement.…

Plastic banknotes have been in circulation since their introduction in Australia in 1988 and the consensus so far seems to be that they do an excellent job of a key requirement – reducing counterfeiting. It may be that forgers will gain more expertise in time – faking is considerably more difficult on plastic than on cotton-based paper – but the initial reports from larger countries that have taken this route, such as Canada, Australia and New Zealand, have persuaded the UK’s Bank of England to follow them.

Plastic banknotes have been in circulation since their introduction in Australia in 1988 and the consensus so far seems to be that they do an excellent job of a key requirement – reducing counterfeiting. It may be that forgers will gain more expertise in time – faking is considerably more difficult on plastic than on cotton-based paper – but the initial reports from larger countries that have taken this route, such as Canada, Australia and New Zealand, have persuaded the UK’s Bank of England to follow them.

Tax evasion drained a record USD991.2 billion in illicit financial flows from developing economies in 2012 – facilitating crime and corruption, according to a new study by Global Financial Integrity (GFI), a Washington DC-based research and advisory organization. “To put this in perspective, the cumulative total of official development assistance to the developing countries in this report… was just USD809 billion,” said a GFI note.…

ADAPTIVE licensing methods such as that proposed by the European Medicines Agency (EMA) are indeed useful in the development of medicines for rare diseases, Martin Andrews, the senior vice-president at GSK Rare Diseases, has told the World Orphan Drugs Congress 2014.…

THE EUROPEAN Union (EU) seems to have sparked a regulatory trend with its REACH chemical control system, with more and more countries in Asia adopting REACH-inspired chemical management laws. Thus textile finishing units, companies and suppliers will have to pay increasingly close attention to chemical regulations in Asia-Pacific countries such as China and South Korea.…

DOCUMENTS obtained by Confectionery Production from the European Union (EU) indicate that Ukraine has lost up to USD126 million’s worth of confectionery export sales to Russia this year, because of Russian trade restrictions.
EU briefing papers note that Ukraine has been complaining to the World Trade Organisation (WTO) since October 2013 about alleged “unjustified barriers to trade caused by the measures of the Russian Federation, in particular, on Ukrainian confectionery products.”…

AMERICAN apparel retailers, distributors and manufacturers are being hit hard by delays at the ports of Los Angeles and Long Beach, and concerns are intensifying as the festive shopping period approaches.

“Everybody is concerned,” said Kent Smith, the executive director of the LA Fashion District Business Improvement District (BID) organisation.…

AMERICAN pigmeat analysts have conformed to globalmeatnews.com that the recovery in US pork production will be sustained, with the pigmeat industry recovering strongly from the Porcine Epidemic Diarrhea virus (PEDv) outbreak.

The comments come after the US Department of Agriculture (USDA) forecasted earlier this month that American commercial pork production was set to reach 23.9 billion pounds for the year ending September 2015, exceeding the country’s beef output for the first time after 62 years.…

Mexico, South America, and the United States are usually the focus of discussions about money laundering, drug-trafficking and transnational crime in the Western Hemisphere. However, as countries like Mexico and Colombia have upped their security game, criminals have taken advantage of their small Central American neighbours as weaker links for both the transport of drugs and the laundering of illicit funds associated with the trade.…