Search Results for: Switzerland

A case detected last May (2015) at Lisbon international airport, Portugal, says much for the worrying scale of the laundering of illicit funds from Europe into mainland China. A nondescript Chinese couple travelling from Lisbon to Shanghai via the United Arab Emirates’ (UAE) Dubai was stopped carrying more than EUR1 million in large denomination notes found elaborately wrapped in ‘danger, chemicals’ packaging within packets marked ‘FRAGILE’.…

Technological innovation continues to transform every step of the jeans industry from fibre blends, alternatives to indigo dyes, use of sustainable resources, and new developments in fit and finish. It was also a major focus of the Kingpins Show Amsterdam (April 19/20) denim showcase.…

A Transparency International (TI) investigation has found 3,452 properties in São Paulo, Brazil, worth at least USD2.7 billion are linked to 236 companies registered offshore, raising red flags about the use of real estate for money laundering in Brazil’s largest city. …

Swiss bank Credit Suisse is facing parallel investigations in five countries – Australia, France, Germany, the Netherlands and the UK for facilitating tax evasion and money laundering. The bank admitted in a March 31 statement that it was “cooperating” with local tax authorities which had contacted its London, Paris and Amsterdam offices the day before “concerning client tax matters.”…

THE EUROPEAN Food Safety Authority (EFSA) has launched a comprehensive study into the healthiness of consuming sugar, that could guidance telling consumers when to stop eating sugary foods, such as confectionery. An ad-hoc working group with expertise in dietary exposure, epidemiology, human nutrition, diet-related chronic diseases and dentistry will examine the issue, along with Denmark, Finland, Iceland, Norway and Sweden, which requested the work.…

Europe’s nonwovens producers again served up a solid performance in 2016 against the background of (uneven and) uncertain trading conditions for the industry. As usual, the just-published returns from EDANA, the representative organisation for the USD30 billion nonwovens industry in Europe, show some important national variations.…

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.…

Europe’s nascent organic meat import sector has been offered a boost by a new digital certification system, that the European Commission says will make the European Union (EU) “a global leader in traceability and in the collection of reliable data on trade of organic products”. …

The official leading Switzerland’s efforts to combat money laundering in the country’s banking system has denied that a scandal unveiled last week involving Credit Suisse shows weaknesses in efforts to stop ill gotten gains being hidden in Swiss banks. Credit Suisse has acknowledged that tax authorities in France, the Netherlands and the UK are investigating the bank for tax evasion and money laundering.…

ASIA’S technical textiles sectors continue to grow, fuelled by ready buyers in domestic and overseas markets, but governments can and do help too – keen to promote these sustainable high tech industries.

China is a case in point. Its industry and information technology ministry plus the National Development and Reform Commission in January (2017) jointly issued development guidance for technical textiles as part of China’s 13th Five-Year Plan, which runs from 2016-20.…