Search Results for: World Trade Organisation

Since February (2023), all tobacco sellers trading excise products across national borders within the European Union (EU) have been using paperless taxation and fully electronic duty transactions. (1) Previously, digital excise procedures were only accessible to operators using a so-called “duty suspension” procedure while duty-paid business-to-business procedures had to be accompanied by physical paper declarations noting the excise duty charged at their destination.…

Cybersecurity experts are warning that the clothing and textile sector is putting itself at risk from hacking and virus attacks by failing to sufficiently appreciate that they are potential targets of online criminals.

“Hackers select targets based on their financial capability.…

As tech evolves, notably through the development of artificial intelligence (AI), anti-money laundering (AML) compliance officers at obliged entities are assessing a growing range of applications and platforms.
The global AML software market size is estimated to grow by USD2.7 billion from 2022 to 2027 at a compound annual growth rate (CAGR) of 15.01%, although “the high cost of implementation may impede” this expansion, according to the Illinois, USA-based market researcher Technavio.…

The Covid-19-related increase in waste from disposed personal protective equipment (PPE) has focused attention on nonwovens waste management.

For instance, the World Health Organisation (WHO) said 1.5 billion units of PPE, much of which nonwovens, weighing 87,000 tonnes, were procured between March 2020 and November 2021 alone and shipped to support countries’ urgent Covid-19 under UN emergency work alone.…

While most corporations and public bodies would like to see fraud and corruption eradicated from their organisations, professional anti-fraud investigators think that using unethical methods to achieve this goal is counterproductive and ineffective.

Ethical and empathetic inquiries are just more productive than aggressive investigations and this approach needs to be reflected in the interview room when a suspect is being questioned, said

Don Rabon, CFE, North Carolina, USA-based president of the Successful Interviewing Techniques consultancy, agreed: “Conducting an interview in an ethical manner has to be job one – win, lose or draw.”…

British banking organisation UK Finance reports that the value of losses to consumer frauds exceeded GBP1.2 billion (USD1.5 billion) in 2022, down from GBP1.3 billion in 2021. UK Finance’s Annual Fraud Report for 2023 (1) reveals the value of losses through authorised push payment (APP) scams declined by 17% compared to 2021 to GBP485.2 million (USD606 million).…

THE COVID-19 pandemic brought many changes to the world, and changes in fashion that incorporated a desire to enjoy a healthy lifestyle was one. With many consumers spending more time at home, including during working hours, demand for comfortable clothes with functionality to aid indoor and outdoor exercise has boomed.…

The Netherlands’ minister of education, culture and science Robbert Dijkgraaf’s call to let universities limit international student numbers if necessary has been welcomed by Dutch university leaders.

Mr Dijkgraaf made several proposals in an April 21 ‘letter to Parliament on internationalisation in higher education’ to the Dutch house of representatives (lower house of Parliament – Tweede Kamer).…

The Canadian auto sector and governments appear united in saying the huge subsidies sunk into securing a Canadian dollars CAD7 billion (USD5.1 billion) Volkswagen battery plant in St Thomas, southern Ontario, make good commercial and economic sense.

The level of financing could indicate what the Canadian and Ontario governments will have to spend to persuade Stellantis to restart stalled work at its planned battery manufacturing plant in Windsor, across the border from Detroit.…

The G7 group of industrialised nations has promised to ramp up sanctions against Russia over its invasion of Ukraine, including additional efforts to prevent circumvention.

Following a summit in Hiroshima, Japan, the group warned G7 members increase engagement with “third countries through which restricted G7 goods, services, or technology may be provided to Russia…”

It called on “third parties to immediately cease providing material support to Russia’s aggression or face severe costs”.…