Search Results for: World Trade Organisation

FATF says FIUs must be a national centre for the receipt and analysis of suspicious transaction reports (STRs) and other information linked to ML, associated predicate offences and terrorist/proliferation financing, and disseminate that analysis. FIUs should be able to obtain additional information from obliged entities, and access relevant financial, administrative and law enforcement data.…

Brazil, which is among the countries with the highest alerts (1.36 million in 2023) for financial crimes involving shell companies, as per the Moody’s Shell Company Indicator quoted by CNN (1), “has made important strides to improve” its  Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) system and “is achieving some positive results”, but still “needs to strengthen cooperation and coordination between certain authorities and improve prosecution”, warned the Financial Action Task Force (FATF) in 2023 (2).…

While Ukraine battles an invading Russian enemy currently occupying approximately 18% of Ukrainian territory (1), it is also focused on its battle with the ‘enemy within’, namely elevated levels of corruption and other commercial crime. 

Since the Revolution of Dignity in 2014, Ukraine’s pro-Western authorities have worked tirelessly to align themselves with European Union (EU) anti-corruption and anti-fraud efforts, notably establishing the National Anti-Corruption Bureau of Ukraine (NABU) in 2014, which prepares corruption cases for prosecution by a Specialised Anti-Corruption Prosecutor’s Office.…

Confectionery and related ingredient sales between the European Union (EU) and the Mercosur countries of south America are set to rise after a trade agreement between the two blocs was finalised. A deal in principle had been held over since 2019 while details were ironed out, but these have now been resolved.…

Financial institutions, social media platforms and regulators are meeting to boost data sharing and collaboration to counter the international surge in fraud. Paul Cochrane reports on the Global Anti-Scam Summit (GASS) Americas 2024.

Fraud is on an upward trajectory, with an estimated USD1.03 trillion lost globally to swindles over the past year, according to the 2024 Global State of Scams report by the Global Anti-Scam Alliance and anti-fraud tech company Feedzai (1).…

The UK countryside is not generally regarded as a cradle of innovation. However, business data and the increased visibility of rural business thanks to social media indicate that countryside entrepreneurship is emerging as a major contributor to the domestic start-up sector.…

The new European Commission (2024-2029) taking office on December 1, 2024, under reappointed Commission president Ursula von der Leyen should use its term of office to enable a strong, competitive agri-food chain. That was the message of European Union (EU) food industry experts speaking to Just Food this week.…

The Peruvian alpaca textile and clothing sector is trying to increase formal exports to the United States, despite some trading problems undermining its position. 
Peru’s minister of foreign trade and tourism, Úrsula Desilú León Chempén promoted these sales at garment fairs Sourcing at Magic New York and Coterie New York, in September (2024), stressing Peruvian fabric’s “wide range of materials that are of excellent quality, high durability, and sustainable”, promising to “continue strengthening” the industry (https://efecomunica.efe.com/en/peruvian-textile-companies-look-to-increase-exports-to-us-market/…

The international can making and filling industry is assessing the impact of a second Donald Trump presidency in the USA, given he has threatened to impose universal tariffs on all imports.

Trump has floated imposing 10%-20% tariffs on all US imports, including trades with countries having free trade agreements with America.…