Search Results for: Mexico

The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…

With President Joe Biden assuming office in the United States, the Mexican clothing and textile industry is hoping improved trading relations, building on the legacy left by former President Donald Trump that it regards largely positively.

The Mexican Apparel Association (CANAIVE – Cámara Nacional de la Industria del Vestido) was particularly happy with the renegotiation of the North American Free Trade Agreement (NAFTA), now called the US-Mexico-Canada Agreement: “USMCA opened new opportunities for our industry while seeking to obtain a more solid regional integration,” said CANAIVE, in a note to just-style.…

CUSTOMS forces can benefit from new sensor kit, enabling them to scan containers to ensure contents are as declared on docket – but to use these techniques to fight trade-based money laundering, they need to be integrated with accurate financial intelligence.…

PEACE appears to be breaking out between the European Union (EU) and the UK on one side the USA over an aircraft subsidy-prompted trade war that had led to billions of dollars of duties being levied on food and drink exported between these countries.…

THE REPUTATION of the Caribbean’s major cigar production centres – Cuba, the Dominican Republic and Nicaragua – has dominated global markets for years. But the entire region’s balmy and moist climate and rich soils are ideal for growing cigar wrapper and filler leaf.…

WHILE Covid-19 dealt body blows to Bangladesh’s apparel industry last year, one fast-expanding segment fared surprisingly well: denim. While the south Asian country has been the largest exporter of jeans clothing to the European Union (including the UK) for the past few years, as per Eurostat data, last year (2020) it was the largest overseas source of denim to the USA, elbowing out Mexico, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).…

THE INTERNATIONAL trade in knitwear products and inputs contains significant variations in prices that can be leveraged buy smart traders within the industry who analyse import-export data and orientate their purchasing and sales practises accordingly.

That said, knitwear traders and manufacturers need to be aware that some bargains really are too good to be true and could be an indication that certain trade flows are being exploited by money launderers seeking to move criminal proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…

Much expertise of anti-money laundering is developed from the experience of victims and law enforcement, fed into techniques and systems fighting this crime. But ex-criminals, including those who launder illicit money, have a different perspective and can offer fresh insight and intelligence maybe not considered by AML officers.…

CANADIAN automobile dealers are looking out for a potential increase in the price of vehicles that they sell on account of the United States-Mexico-Canada Agreement (USMCA), which came into force on July 1 (2020).

This is likely to be fuelled by the new deal insisting that Canadian (as well as American and Mexican) auto-manufacturers may have to increase their USMCA-bloc sourcing to ensure that 75% of a vehicle’s parts are made a signatory country.…

USA automotive manufacturers are facing some tough choices when implementing the United States-Mexico-Canada Agreement (USMCA), which entered into force on July 1, to avoid its pressure on costs being reflected in showroom price increases.

The new deal, which replaces the North American Free Trade Agreement (NAFTA), requires US, Mexican and Canadian auto manufacturers to increase their USMCA-bloc sourcing to ensure that 75% of a vehicle’s parts are made in a signatory country to benefit from the free trade provisions.…