Search Results for: Russia
10 results out of 1992 results found for 'Russia'.
DEUTSCHE BANK MISSES CHANCE TO REGAIN PUBLIC TRUST, SAY MEPS
DEUTSCHE Bank’s AMLO has told a European Parliament hearing – to the dismay of MEPs – that the German major had no evidence that it was involved in misconduct surrounding the Danske Bank Estonia money laundering scandal.
Stephan Wilken, head of anti-financial crime and Deutsche Bank’s group anti-money laundering officer, told the EP’s special committee on financial crimes, tax evasion and tax avoidance (TAX3) on Tuesday (Feb 4): “We have not identified any misconduct” in Danske case.…
BIG DATA SYSTEMS FOR OIL AND GAS SEISMIC PROBES GROW IN SOPHISTICATION, WITH ACQUISITIONS DEVELOPING INDUSTRY
BIG data and its manipulation are not just a boon for the IT sector, the growing sophistication of seismic data collection can give oil and gas companies a real competitive edge.
2019 will be the first full year of operation for Magseis Fairfield (Norway), created through combining two complementary players in marine seismic survey, with big ambitions in ocean-bottom systems for acquiring seismic data.…
DEUTSCHE BANK MISSES CHANCE TO REGAIN PUBLIC TRUST, SAY MEPS
DEUTSCHE Bank’s AMLO has told a European Parliament hearing – to the dismay of MEPs – that the German major had no evidence that it was involved in misconduct surrounding the Danske Bank Estonia money laundering scandal.
Stephan Wilken, head of anti-financial crime and Deutsche Bank’s group anti-money laundering officer, told the EP’s special committee on financial crimes, tax evasion and tax avoidance (TAX3) on Tuesday (Feb 4): “We have not identified any misconduct” in Danske case.…
SFO ENDS GSK AND ROLLS-ROYCE GRAFT PROBES
BRITAIN’S Serious Fraud Office (SFO) has closed two long-running major investigations into allegations of corruption and bribery at two of the UK’s largest companies: aero-engine maker Rolls-Royce and medicine manufacturer GlaxoSmithKline. Rolls-Royce has been subject to a deferred prosecution agreement (DPA), approved in January 2017, where it paid a GBP497.25 million (USD616 million) plus interest penalty and GBP13 million costs (USD16.1 million) over 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.…
IRELAND’S ANTI-MONEY LAUNDERING LAWS AND THEIR IMPLEMENTATION IN SPOTLIGHT OVER RUSSIAN MONEY
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.…
RUSSIAN MONEY LAUNDERING CASES HIGHLIGHT URGENT NEED FOR ACTION, SAY EXPERTS
THE EUROPEAN Union (EU) must create a central agency to supervise banks and non-banking institutions to combat rising risks posed by money laundering, a European Parliament hearing that focuses especially on the threat posed by Russian dirty money, has been told.…
INTERNATIONAL REGULATORY ROUND UP – WTO DISPUTES PANELS WILL ASSESS EU RETALIATORY DUTIES ON USA KNITWEAR EXPORTS
THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling on whether retaliatory duties imposed by the European Union (EU), on US knitwear exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…
ITALIAN CONSUMERS’ PASSION FOR BEAUTY MEANS RETAILERS STILL WANT TO INVEST IN ITALY, DESPITE ITS SLUGGISH ECONOMY
Considerable investments continue to be made in Italy’s beauty and personal care market continue despite this being a stagnant market, according to sector-specific and general economic data and forecasts,
Despite this, global retailers in the beauty and personal care (BPC) industry continue to eye up what remains one of continental Europe’s largest domestic BPC markets, knowing that consumer demand remains solid, even if not growing.…
EASTERN EUROPE’S MARKET DIVERSITY POSES REAL CHALLENGE FOR BEAUTY MAJORS SEEKING HIGH REGIONAL PROFILE
EASTERN Europe remains a highly diverse market, where major beauty brands must think strategically to achieve economies of scale and a regional presence that really deliver profits. This is also a region where some markets are significantly bigger than others – with Russia and Poland being key targets.…
EBRD DUMPS OIL INVESTMENTS, WHILE EIB CONTINUES LENDING
THE EUROPEAN Bank for Reconstruction & Development (EBRD) will stop funding upstream oil exploration. And it will not finance upstream oil development projects, except in exceptional circumstances where projects reduce greenhouse gas emissions. The commitments come in a new energy strategy for 2019-2023, where the bank added that it would continue to support the natural gas sector, where new plans and infrastructure helps countries switch from more carbon-intensive fuels, such as coal and oil.…