Search Results for: Spain

EVERYTHING about Aneal Maharaj smacks of the immaculate. From his finely-tailored business suit to his Toastmaster style enunciation, to the belief that “sweating the small stuff” is an indispensable attribute of any successful business executive, there is an obvious attention to precision which betrays a professional outlook staked on getting the equations right.…

THE EXPLOITATION of virtual currencies such as Bitcoin, Litecoin, Peercoin and Namecoin, to name but a few, by money launderers is an emerging concern amongst anti-money laundering (AML) regulators. They may not be legal tender, but they are convertible if owners can find institutions or people willing to turn them into fiat currency.…

A EUROPEAN Union-funded ‘BETITEX’ research project has brought together a consortium of 10 partners to develop protective, biodegradable textiles that can kill ticks and bedbugs. The Euro EUR1.5 million (USD2.06 million) project will focus on developing personal protective equipment for small-and-medium-sized enterprises (SMEs) and also “domestic use in the form of home linen,” according to a European Commission note.…

LEADING law associations worldwide are joining forces to publish in-depth case studies of how lawyers and other legal professionals become unwittingly enmeshed in money laundering by clients.

The Money Laundering Bulletin has learned that the London-based International Bar Association (IBA) is to produce such a report amid disgruntlement over a June 2013 study in which the Financial Action Task Force (FATF) published typologies of money laundering methods in which lawyers were involved.…

EUROPEAN Union (EU) and Canadian oil exporters are to benefit from a new free trade deal struck between the EU and Canada. Once the Comprehensive Economic and Trade Agreement (CETA) has been ratified (probably in 2015), it will lead to all existing non-food duties imposed on goods traded between the parties being scrapped.…

ACCORDING to the World Health Organisation (WHO), the largest single health threat to the population of the world today is antimicrobial resistance (AMR). How can it be countered and what options are open to government regulators, the medical profession and, especially, the pharmaceutical companies for the development of new antibiotics?…

ALTHOUGH Colombia’s pharmaceutical sector has enjoyed growth over the past few years, new price controls could disrupt the sector’s expansion if they are poorly planned, industry representatives claim.

Their concerns focus on the reaction to maximum price controls on medication recently approved by the government.…

THE EUROPEAN Court of Justice (ECJ) has dismissed appeals brought by three European Union (EU) plastic bag companies against Euro EUR290 million’s fines imposed because of their participation in a cartel. But in an unusual twist, the ECJ ruled that because the proceedings leading to the 2011 imposition of fines was so long (five years and nine months), they can sue the EU for damages for harm caused by this wait for justice.…

EUROPEAN Union (EU) anti-fraud agency OLAF has concluded EU airport runway construction projects maybe riddled with corruption. The conclusion comes in a report it commissioned from PricewaterhouseCoopers (PwC) into EU public procurement. It concluded between 37%–53% of airport runway construction works contracts were probably dirty in some way – the highest proportion in the six sectors it examined.…

TOUGH economic times in Europe’s tourism centres of Spain and Greece have depressed air travel to and from these countries, recently released European Union (EU)-wide statistics from EU statistical agency Eurostat show. It said flights to and from Spain fell by 3.3% to 160 million in 2012, with 8.9% year-on-year falls in traffic at Madrid-Barajas airport and 6.6% at Gran Canaria; flights to and from Greece fell 5.5% to 31 million year-on-year, with a 10.2% decline at Athens International.…