Search Results for: Russia

WHILE Jordan usually has a reputation for reliability, security and stability, the truth is that the Hashemite Kingdom is behind the compliance curve as regards anti-money laundering (AML) and combating the financing of terrorism (CFT) compared to many of its Middle Eastern peers.…

THE DIAMOND trade is still one of money launderers’ best friends due the precious stone’s high value to mass ratio, akin to the highest value banknotes that can be obtained. Indeed, it is maybe harder to trace diamonds than numbered banknotes, there is no reliable means by which the point of origin of a particular diamond can be ascertained just by examining it.…

AS the international glass market continues to recover from the global recession, experts predict emerging markets might be tempted to invest in plant development to manufacture their own flat glass rather than paying expensive import fees buying from one of the handful of major suppliers.…

NEW powers have become available to the UK Treasury’s Office of Financial Sanctions Implementation (OFSI) from Monday (April 3), to impose major fines on individuals and organisations (including companies) who breach UK financial international sanctions.

Penalties can range up GBP1 million (USD1.25 million) or 50% of the value of the breach, whichever is higher.…

RUSSIAN non-wovens material producer the Thermopol company is planning to launch by May 27 (2017) a new thermal-insulating material which is flame-resistant, including to burning combustible liquids such as gasoline, alcohol or even a Molotov cocktail.

These properties maybe particularly useful given that the Moscow-based manufacturer’s key customer for the material is the National Guard of Russia, the country’s domestic military force, policing borders, fighting terrorism and dealing with civil disturbances.…

A CONSORTIUM of investigative journalists has claimed to have identified a model showing how a Russia-based money laundering scheme moved at least USD20.8 billion out of the country, via Moldova and Latvia. Significant portions of this money was transferred to accounts held by western banks including Britain’s HSBC and Coutts, the Bank of America and other major financial institutions, said the Organized Crime and Corruption Reporting Project (OCCRP).…

THE EUROPEAN Commission’s (EU) comprehensive and ambitious ‘Energy Union’ package of reforms, launched last November (2016) could do more to boost the oil and gas industries, experts have told the Petroleum Review.

These ‘Clean Energy for All Europeans’ legislative proposals cover energy efficiency, renewable energy, the design of the electricity market, security of electricity supply and regulatory rules.…

The Russian government is planning to significantly increase the volume of the country’s domestic vanadium production, according to a statement sent to Metal Bulletin by Russia’s minister of industry and trade Denis Manturov.

He said: “Russia has the world’s largest deposits of vanadium-titanium magnetite ore.…

Brazilian overseas beef meat sales are set to grow in 2017, according to projections from the Associação Brasileira das Indústrias Exportadoras de Carne (ABIEC). “Our export forecasts for 2017 are USD5.5 to USD6 billion, said Antônio Jorge Camardelli, the ABIEC president.…

DIGITAL printing is all about potential for production flexibility and creativity, and the technology can unleash new design, even in countries were higher tech manufacturing and finishing is rare – such as Russia.

Take Alexandra Kaloshina, the owner of the Moscow-based Solstudio Textile Design – she is pushing ahead with developing and printing innovative collections for a Russian market that is always hungry for new designs, and if they are locally-made – so much the better.…