Search Results for: Turkey

The Turks & Caicos Islands (TCI) has been improving its AML record, even as its courts have taken eight years to hear financial crime cases against former political leaders, including past Premier Michael Misick. He is charged with money laundering, conspiracy to receive bribes, and conspiracy to defraud the government, related to his 2006-9 tenure.…

The Qatargate scandal continues to encourage the European Parliament and other European Union (EU) institutions to tighten protections against graft and inappropriate influence, especially from non-EU governments.

Its key suspect Greek MEP Eva Kaili has been under house arrest since May and has (as of July) yet to revisit the parliament, where she remains a full member.…

The European textile industry is well positioned to lead the global sector towards a more sustainable future, this year’s ITMA 2023 international conference has been told. Alberto Paccanelli, president of Euratex, which represents over 143,000 companies in the European Union (EU) textile and clothing industry, told Just Style at the Milan (June 8-14) event that the European Commission’s Textiles Ecosystem Transition Pathway (1), released June 6, implementing the EU Strategy for Sustainable and Circular Textiles, could have a positive impact.…

The China-Central Asian Summit that took place in China’s Xi’an in May could help cement links between China’s major garment and textile industry and central Asian textile suppliers, forging backward linkages and new markets, a manufacturer and two industry observers have told Just Style.…

Counter Proliferation Financing (CPF) is becoming an increasingly important third goal of international policies and programmes designed to attack and reduce illicit financial movements. With concerns about the development of nuclear weapons by sanctioned regimes in North Korea and Iran growing, governments have been focusing on how to implement Financial Action Task Force (FATF) guidance on CPF, which has been deepening since the global anti-money laundering and terror finance body in 2020 amended FATF Recommendation 1 and its Interpretive Note to require countries and entities to identify, assess, understand and mitigate their PF risks.…

Counter Proliferation Financing (CPF) is becoming an increasingly important third goal of international policies and programmes designed to attack and reduce illicit financial movements. With concerns about the development of nuclear weapons by sanctioned regimes in North Korea and Iran growing, governments have been focusing on how to implement Financial Action Task Force (FATF) guidance on CPF, which has been deepening since the global anti-money laundering and terror finance body in 2020 amended FATF Recommendation 1 and its Interpretive Note to require countries and entities to identify, assess, understand and mitigate their PF risks.…

While all eyes are on headline investments into conversions of major auto plants for EV production, a key sign that this market is maturing is emerging – the growth of used-vehicle sales for the electric transmission segment. Data from US-based industry consultant Cox Automotive released on April 7 said that American used-EV retail sales via licensed dealerships increased 32% in Q1 2023 year-on-year to 42,753 units.…

South Asian clothing manufacturers are facing lean times, with international brands reducing or cancelling orders, but industry association leaders are looking towards a recovery by the end of this year. In major production hub Bangladesh, key purchasers from the USA and Europe have been cutting their order books as continuing high inflation depresses consumer demand and Russia’s invasion of Ukraine sharpens nervousness among corporates and investors.…

Better analytical capabilities should be implemented to reduce the incidence of adulterated honey being imported into the European Union (EU), industry observers claim after a testing programme revealed almost half of the samples were fraudulently labelled. This concern was uncovered by a research initiative, ‘From the hives’, led by the European Commission’s directorate-general for health and food safety.…

Russia’s invasion of Ukraine launched last February (2022) has severely damaged Ukraine’s digital textile printing segment, and while it has also harmed the Russian industry, this sector has performed better than expected, despite comprehensive western sanctions.

In Ukraine, where the invasion had killed 8,101 civilians by February 28 (UN data), the country’s light industry, including its digital textile printing sector, continues to suffer from bombardment, logistical bottlenecks and persistent power cuts.…