Search Results for: Switzerland

Anti-corruption campaign group Transparency International (TI) has called on major financial centres to be more open about their anti-money laundering (AML) efforts, claiming survey data indicates governments are being overly secretive. In a report based on studies of 12 developed jurisdictions called ‘Top Secret: Countries Keep Financial Crime Fighting Data to Themselves’, TI has said that only 36% of basic anti-money laundering indicators drawn from internationally accepted guidelines is available to the public and regularly updated.…

THE SWISS Financial Market Supervisory Authority (FINMA) has ordered London-based bank Coutts & Co Ltd to disgorge unlawfully generated profits of Swiss francs CHF6.5 million (USD6.5 million) for breaching money laundering regulations over its dealings with Malaysian sovereign wealth fund 1MDB.…

THE EUROPEAN beef sector must keep its direct payments at a time when the European Union (EU)’s Common Agricultural Policy (CAP) is under review, according to new research highlighted by the European Parliament.

‘The EU cattle sector: challenges and opportunities – milk and meat’ report, published February 27 by the parliament’s agriculture and rural development committee, says these payments play an important part in farm-household income.…

THE CONTINUED success of Europe’ major technical textile fair, Techtextil, Frankfurt, (the next event runs from May 9 to 12) illustrates how the continent’s technical textile sector is thriving on its innovation.

“We don’t know what the future brings. We only know where it will be exhibited.…

KEY MESSAGES

*The nuclear industry has an ageing staff and needs to recruit new professionals as they retire

*Its strong health and retirement benefits packages could help it attract the new staff it needs

*The nuclear industry outside north America has a strong expat component, making it easier for recruit staff from abroad

INTRODUCTION

The nuclear industry sector is facing some significant human resources challenges, but new research carried out by Airswift and Energy Jobline indicates that the nuclear sector can still compete for talent.…

AN INTERNATIONAL art traders group has released detailed guidelines and advice to its business, designed to help executives, managers, sellers and auctioneers from on-selling product that has been looted, stolen, or is being used to launder the proceeds of crime and generate funds for terrorists.…

SWITZERLAND may have lost its reputation as a haven for dirty money deposited in numbered accounts with no questions asked, but global anti-money laundering (AML) body the Financial Action Task Force (FATF) wants more vigilance and proactivity in Swiss AML policies and actions.…

2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…

A long-held ambition by Malaysia Airports Holdings Berhad (MAHB) to create an aerotropolis, or airport city, anchored around Kuala Lumpur International Airport (KLIA) is taking key steps forward with a newly finalised master plan and a number of strategic partnerships.

The project, called KLIA Aeropolis, was announced in May (2016).…

Currency exchange falls in Pounds Sterling following the UK’s Brexit vote have been blamed by easyJet for a decline in profits. The company which has extensive costs in the Eurozone and revenues in the UK, reported a 27% year-on-year dip in pre-tax profits to GBP495 million (EUR 587 million) for the year to September 30, 2016.…