Search Results for: Netherlands
10 results out of 1606 results found for 'Netherlands'.
INFLATION AND RECESSION WORSENS ML
While forecasts of a global recession are far from conclusive, the World Bank has in its latest international economy assessment released in September (2022) warned that such a downturn is a real possibility for 2023. (1) The reason is potential government spending tightening to deal with inflation rates not witnessed since the 1990s or earlier: “To stem risks from persistently high inflation, and in a context of limited fiscal space, many countries are withdrawing monetary and fiscal support,” noted the bank.…
AML PERFORMANCE METRICS REMAIN WEAK – UNABLE TO MEASURE PERFORMANCE
How effective is the ongoing fight against money launderers and terrorist financers? AML experts are arguing that despite FATF’s increasing focus on effectiveness in mutual evaluation reports and its extensive data on jurisdictional compliance with its recommendations, more statistical indicators would be valuable.…
COMBINATION OF HUMAN EXPERTISE AND BURGEONING AML TECH CAN REDUCE DATA GIGO RISK
Ensuring data held by organisations with AML/CFT reporting duties is clean and correct is a bedrock of an effective compliance programme fighting dirty and terror money flows. But given the vast and increasing amount of data handled by large companies, partnerships and public bodies, this task has never been simple and is becoming more onerous.…
CHANGING REGULATORY PRESSURES FORCE OBLIGED ENTITIES TO HONE THE MANAGEMENT OF AML TEAMS
While FATF assessments focus on the policy and regulatory response of governments, law enforcement and AML agencies in fighting dirty money, the fact remains that these efforts are undertaken by teams – and how these groups’ staff members work together and are managed underscores their effectiveness.…
CHINA’S INFANT FORMULA PRODUCERS STRENGTHEN POSITION ON DOMESTIC MARKET AS AVERAGE WEALTH GROWS
The Chinese infant formula industry will hit a regulatory milestone in February (2023) with the introduction of new national standards first published last year (2021) by the country’s National Health Commission. These standards, including GB10765-2021 (1) promise to make labelling “more scientific”, thus improving quality of products.…
AML INFORMATION EXCHANGE SYSTEMS DEEPEN AND BECOME MORE COMPLEX
The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…
UK-GERMANY NEUCONNECT INTERCONNECTOR COULD PROVIDE MODEL FOR CHEAP CLEAN ENERGY DISTRIBUTION
In late-July, the European Investment Bank (EIB) agreed on the financing structure of NeuConnect, the first ever energy link connecting Germany and the United Kingdom, two of the largest electricity markets in Europe. The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).…

UK-GERMANY NEUCONNECT INTERCONNECTOR COULD PROVIDE MODEL FOR CHEAP CLEAN ENERGY DISTRIBUTION
The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU). Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).…
LACK OF RELIABLE DATA UNDERMINES THE GROWTH OF HE IN AFRICA
A lack of reliable data across Africa has weakened policies to improve higher education across the continent, development experts argue. They claim the problem is compromising the achievement of the UN’s Sustainable Development Goal (SDG 4) (1) to leave no one behind in tertiary education by 2030, even though several local data development initiatives are trying to improve the flow of useful statistics.…
ZIMBABWE OFF FATF’S GREY LIST – BUT SCEPTICS SAY ITS AML RECORD IS WOEFUL
Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…