Search Results for: Nigeria

BY KEITH NUTHALL
AGREEMENT on legislation lowering the maximum level of sulphur content in European Union (EU) diesel and petrol to 10 ppm has been struck by the EU Council of Ministers and the European Parliament. They agreed these low sulphur fuels must be available throughout the EU from January 1, 2005, and mandatory from January 1, 2009.…

BY KEITH NUTHALL
THE EUROPEAN Union and its allies at the World Trade Organisation’s (WTO) negotiations over the creation of a global register for protected geographical indications in the wine and spirit trade have made a significant concession, which may be the basis for a future deal.…

BY KEITH NUTHALL
TOO many cooks spoil the broth. Or do they? As far as the world’s fight against money laundering is concerned, the World Bank and the International Monetary Fund think that they can bring extra flavour to the struggle waged by the OECD’s Financial Action Task Force (FATF).…

BY KEITH NUTHALL
THE EUROPEAN Union and its allies at the World Trade Organisation’s (WTO) negotiations over the creation of a global register for protected geographical indications in the wine and spirit trade have made a significant concession, which may be the basis for a future deal.…

BY RICHARD HURST
MONEY laundering is all about fake respectability, transforming the seedy and ill-gotten into the legitimate and well-earned; so in Africa, where better to launder criminal money than through the continent’s most developed economy, South Africa.

Mike Savage, partner at Ernst & Young South Africa, said that the biggest problem facing African governments wanting to seriously tackle money laundering is to pinpoint the movement of funds that are moved across porous borders in a bid to cover tracks and conceal sources.…

BY ALAN OSBORN
FOLLOWING “significant reforms” to its anti-money laundering system, Russia

has been removed from the list of non-cooperative countries maintained by

the Financial Action Task Force on Money Laundering, its parent body, the

OECD, has announced.

FATF president Jochen Sanio said Russia had given “strong assurances that

it will bring to a completion this reform process and the

implementation of its anti-money laundering framework.”…

Keith Nuthall
THE UNITED Nations’ (UN) International Court of Justice has fixed the disputed maritime boundary between Nigeria and Cameroon, having decided that the contested Bakassi Peninsula should be considered part of Cameroon.

The court ruled that the maritime boundary should be set from the point of intersection of the centre of the navigable channel of the Akwayafe River with the straight line joining Bakassi Point and King Point, with many elements following previous Cameroon-Nigeria agreements dating back to the 1970’s.…

BY MARK ROWE
INTERNATIONAL organisations are supposed to help business fight off sophisticated crime networks, but now the fraudsters are turning the tables and using the good name of these institutions as part of their scams. Mark Rowe reports.

IT STARTED with a fax from a Chinese businessman to the Vienna headquarters of the United Nations Office for Drug Control and Crime Prevention (ODCCP).…

BY ALAN OSBORN
1902-1912

British American Tobacco was created on September 29th 1902 as a joint venture between Imperial Tobacco Company of the UK and the American Tobacco Company of the US following a fierce trade war. The parent companies agreed not to trade in each other’s domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture.…

BY KEITH NUTHALL
EVERY minute of every day a million smokers light up a cigarette made by BAT and the company’s goal is that every one of them is perfect. How does BAT manage this, and at the same time meet its production, technical and environmental challenges when operations are on such a colossal scale ?…