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CONCERNS about the environmental and health damage caused by sunscreen chemicals has started to translate into regulatory action around the world, with the US state of Hawaii being the most high-profile reformer.

Hawaii has imposed a state-wide ban on the sale and distribution within Hawaii of products containing oxybenzone and octinoxate, which are widely regarded as having a harmful impact on coral.…

It may not have been widely noticed internationally, but Dublin has become a key cog in the Russian economy’s financial system. That exposure – while profitable for the city’s accountants and lawyers – also risks becoming a liability due a lack of transparency over the source and use of funds.…

THE SINGAPORE government is to phase out between 2020 and 2024 a ‘not ordinarily resident’ tax scheme, where talented overseas workers enjoy tax concessions over five years. This includes not being taxed on work undertaken outside Singapore and an employer’s contribution to a non-mandatory overseas pensions or provident fund being tax exempt.…

THE SINGAPORE government is to phase out between 2020 and 2024 a ‘not ordinarily resident’ tax scheme, where talented overseas workers enjoy tax concessions over five years. This includes not being taxed on work undertaken outside Singapore and an employer’s contribution to a non-mandatory overseas pensions or provident fund being tax exempt.…

BAHRAIN’S first oil find since 1932 is of major economic significance to the small Gulf state, which has been less reliant on hydrocarbons than its oil and gas rich Gulf neighbours. But it is also of global significance, being a unique, conventional-unconventional offshore shale find in shallow waters.…

MYANMAR is counting on investors from Taiwan to support the country with capacity building and technical assistance, including in textile and garment production, even as its trade access privileges to the European Union (EU) are under review.

Reflecting this, the Union of Myanmar Federation of Commerce and Industry (UMFCCI) and Taiwan’s Chinese National Federation of Industries have signed two memorandums of understanding facilitating technology transfers and training programmes for workers, supervisors and technical staff at factories across the country – the agreements were signed in mid-2018 and are now being implemented. …

Despite China officially ending its “re-education through labour” programme in 2013, disturbing media reports on detentions of ethnic Muslim minorities in “re-education camps” in the Xinjiang Uyghur Autonomous Region in north-western China have multiplied since mid-2017.

These concerns have started to lose business for Chinese companies.…

China’s Belt and Road Initiative (BRI) has been touted by Beijing as a ‘win-win’ for all actors involved in the sprawling infrastructure project that connects the Far East with Europe – but it could be a double-edged sword for Turkey’s textile and garment sector, warn experts.…

THE EUROPEAN Commission has continued to push reforms to European Union (EU) VAT legislation to boost the fight against VAT fraud. It has tabled a directive and a regulation whose goal is to establish an electronic business portal for VAT declarations allowing companies selling goods online to EU customers to administer their VAT obligations in one e-government system.…

ARTIFICIAL intelligence (AI) maybe the focus of hype in anti-fraud circles, but specialists insist that as AI systems are refined, they will create effective tools for financial institutions, governments and large companies.

Sundeep Tengur, London-based banking fraud and financial crime specialist within the global fraud and security practice of US-headquartered analytics software producers SAS Institute Inc, noted in a blog on the Fintech Extra site last April last year that the financial services industry has witnessed “considerable hype” around AI.…