Search Results for: Spain

The European Union (EU) is edging towards a digital Euro, one of several jurisdictions worldwide developing a central bank digital currency (CBDC), but what anti-money laundering controls would need to be built into the system and how can this be balanced with data protection and privacy considerations?…

The European Commission has added the British overseas territory (BOT) of Gibraltar to European Union (EU) list of high-risk countries with strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. This latest update to the EU AML blacklist (1) means that banks and other AML obliged entities will have to apply enhanced due diligence when dealing with transactions with Gibraltar, which was ceded to the UK in 1713, having been seized during the War of the Spanish Succession.…

The European Parliament is grappling with the fallout of the Qatargate’ cash-for-influence corruption scandal. Greek socialist MEP Eva Kaili has been replaced as the parliament’s vice-president by a Luxembourg socialist, after Kaili was arrested by Brussels police. Officers allege they found EUR1.5 million cash at her home and that of former MEP Pier Antonio Panzeri, another socialist, from Italy.…

The European Union’s (EU) new ‘Women on Boards’ directive (1) is designed to force change in the EU’s director cohort by requiring that the ‘under-represented sex’ (which could be male on rare female-dominated boards) make up 40% of non-executive directors or 33% of all major company directors.…

European textile companies are working to ensure that future water scarcity problems will not affect their operations, notably by cutting water consumption and installing high quality waste treatment facilities, European Union (EU) experts have told World Textile Information Network (WTiN).                               

According to EU statistical agency Eurostat’s regional yearbook 2022 (1), EU water scarcity – chiefly seen in southern Europe, with Portugal’s textile industry particularly affected – is primarily driven by climate change and excessive water consumption.…

WORLDWIDE inflation is impacting the can making industry and its supply chain partners. Indeed, metal packaging prices have risen by at least 25% this year, according to industry association FoodDrinkEurope. A key reason has been soaring prices for energy used in manufacture, up more than 50% in 2022 according to the World Bank.…

WHEN European energy experts consider the future of hydrogen as an energy source, assessments sound remarkably like comments made about wind or solar power in the late 1990s – it is a great idea, but it would help if production and processing were less expensive.…

European Union (EU) food manufacturers are facing the potential imposition of new rules on the presence of nitrosamines in food products, following a European Food Safety Authority (EFSA) review that ended in November. EFSA has concluded that “it is highly likely that for all age groups dietary exposure to nitrosamines is above the level that could indicate a health concern”.…

An international operation led by the European Union’s (EU) police and judicial agencies, Europol and Eurojust brought down the criminal gang behind a multimillion-Euro crypto investment scam. In a November 8 and 9 action day, raids on 15 call centres across eastern Europe – six in Albania, five in Georgia, one in North Macedonia and three in Ukraine – led to five arrests.…

An African garment and textile sector rebounding from the Covid-19 pandemic has seen strong export growth in the first three-quarters of 2022 start to sputter through a tightening of retail demand in Europe and the United States. These remain Africa’s two primary export markets and their consumers are reducing spending as inflation and recession concerns grow.…