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Search Results for: Singapore

10 results out of 859 results found for 'Singapore'.

ISSB PUSHES FOR ITS STANDARDS TO BE SUSTAINABILITY REPORTING GLOBAL BASELINE

An International Sustainability Standards Board (ISSB) symposium in Montréal, Canada, has heard how accounting standards experts are striving to build a “global baseline” of regulation based on ISSB standards, despite the contrasting guidance being developed worldwide. 

Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical. You need compatible information.”  

Mr Carney stressed ongoing discussions between the ISSB and major jurisdictions, such as the EU (European Union), the USA and Japan, about the need for regulatory harmony.

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ASIAN PAINT REGULATORY ROUND UP - INDINESIA NEW CAPITAL PROJECT GATHERS STEAM WITH MAJOR PAINT AND COATINGS SALES POTENTIAL

As construction ramps up, paint and coatings companies are eyeing lucrative opportunities in Indonesia's new capital Nusantara, with several recent project launches promising a significant boost to the industry.   Outgoing President Joko Widodo recently inaugurated several key projects in Nusantara, including the emerging city's international airport, hospitals, schools and housing.


Several ongoing projects promise to further fuel the demand for coatings including a new presidential palace, the parliament building and smart city infrastructure. 
 
Nusantara’s focus on sustainability presents a unique opportunity for eco-friendly coatings, the government has stressed. It has mandated the use of green building materials, including paints with low volatile organic compounds and recycled content.  
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INNOVATORS EXPLORE POTENTIAL OF VERTICAL FARMS, IN BRITAIN AND OVERSEAS



As the world’s largest vertical farm is set to launch operations in Gloucestershire later this year, proponents have lauded the sustainability benefits of the model. They say it has the potential to reduce agriculture’s physical and carbon footprint, growing more crops with significantly reduced water usage, zero pesticides and delivering fresher produce than traditional field-based models.…

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LARGE DENOMINATION BANKNOTES REMAIN ML VULBERABILUTY



High value banknotes remain of concern to AML regulators, even though they are increasingly being withdrawn from circulation. Despite the growth of electronic payments, the amount of physical cash in circulation remains huge. The USD remains the currency that circulates most widely in the world, with the US Currency Education Programme (a Federal Reserve scheme) saying that there was USD2 trillion in circulation by the start of 2021 (December 31, 2020).…

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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.…

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FATF KICKS RUSSIA OUT OF ALL ONGOING AND FUTURE PROJECTS



FATF has acted against Russia, further squeezing it from the international AML/CFT system over its invasion of Ukraine, that as of October 17 had killed 6,306 civilians (UN figures). The global AML body’s latest plenary meeting highlighted the “needless loss of life, suffering and destruction” caused by the invasion, with Russia violating “FATF’s core principles [on] the security, safety and the integrity of the financial system”.…

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ENFORCEMENT OF FOREIGN BRIBERY BANS SINKS, SAYS TI



Enforcement action to tackle foreign bribery in compliance with the OECD Anti-Bribery Convention (1) declined from 2018 to 2021, according to Transparency International (TI), after reviewing 47 leading export economies. These were 43 convention signatories plus China, India, Hong Kong and Singapore.…

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US COATINGS MARKET EDGES UP IN SCALE AS IT DEVELOPS MORE ECO-PRODUCTS



Continuing to fight supply-chain snarls, material shortages, inflation woes, and a stubborn pandemic, the US paint and coatings industry produced 1.3 billion American gallons (4.9 billion litres) valued at USD27.2 billion (US dollars) in 2021.

That is according to The ChemQuest Group, a global specialty chemicals and materials consulting service based in Cincinnati, Ohio, USA, which said this production was an increase of just 0.1% in volume and 8.6% in value over the previous year.…

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FATF AND INTERPOL JOIN FORCES TO BOOST CRIMINAL ASSET SEIZURES



FATF and Interpol have launched an initiative that will see both agencies work together to improve the seizure of criminal assets, a key priority of the AML body’s new president T Raja Kumar’s upcoming two-year term.

A joint communiqué issued after a FATF-INTERPOL Roundtable Engagement (FIRE) event in Singapore wrapped up yesterday (Sept 13) said both organisations would “reinforce international law enforcement and judicial networks that work on asset recovery and the tools available…”

This included a review “to strengthen the FATF’s standards so that countries are better equipped to act effectively at every stage of the asset recovery process”.…

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WELL-USED FRAUDS STILL WORK – BUT THEY ARE NEW WINE IN OLD BOTTLES, WARN EXPERTS



Anti-fraud managers see the same old tricks and swindles repeatedly, even if repackaged and more digitalised than in the past. But why do people keep falling for well-worn scams?

To some extent it is that there are more fraud attempts targeting more people, who lack experience of such deception.…

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