Search Results for: World Trade Organisation

Vendors continue to roll out what they claim are ever more powerful CDD/KYC systems, helping enable compliance with increasingly comprehensive ultimate beneficial ownership (UBO) laws.

But do these technologies offer the AML community the potential to consider a new model – focusing on robust CDD by obliged entities, without the need to report STRs, and relying on better financed law enforcement to demand information via subpoenas to firm up ML cases?…

EUROPEAN Union (EU) clothing manufacturers are preparing to carry out more checks on clothing safety, for example on potential flammability, dyes that may cause allergic reactions, or dangerous drawstrings, under a proposal (1) for new EU rules on protecting consumers from potentially dangerous products.…

The central American and Dominican Republic clothing and textile sectors are lobbying against the United States scrapping the China 301 tariffs on finished apparel imports following a possible entente with Beijing, saying that the duties are helping encourage investments in their countries.…

With cyberattacks on the rise, organisations are having to devote ever more time and resources to defending against malicious activity – and some are now considering active defences, hacking back the hackers, to deter them and maybe damage their ability to harm victims.…

Switzerland continues to fall short on combating foreign bribery and should urgently take concrete steps to adopt key legislative reforms, according to the Organisation for Economic Cooperation and Development (OECD) Working Group on Bribery. It said in a July 20 public statement (1) it is “very concerning” that Switzerland still has not adopted longstanding legislative reforms it first recommended in 2011 (2) in an assessment of Swiss implementation of the OECD anti-bribery convention (3), notably on protection for private sector whistleblowers.…

India’s premium spirits market is growing fast with rising incomes and sharply falling prices in many states boosting sales. India’s gross national income per head in 2021 was USD7,220 compared to USD4,190 in 2010, according to World Bank data. With more money, “Indians are drinking better, but unlike the west [also] drinking more,” Ruchika Gupta, marketing director of Beam Suntory told Just Drinks.…

With corporate fraud rising fast, “hiring for character as well as competence is now the hottest trend” in recruitment practice, Bruce Weinstein, a high-profile USA-based business ethics speaker has told Fraud Intelligence. Securing honest senior managers and board members matters, said the self-styled ‘The Ethics Guy’, who has worked for All State Insurance, the National Football League, Northrop Grumman, the South Carolina National Guard, and more: “It is not only possible to do this; it is essential,” Mr Weinstein stressed.…

Continental European and British manufacturers are stepping up to supplement the depleted US infant formula market, but their efforts may be limited by too little supply and too much red tape. “In the short run, major export volumes from the EU [European Union] to the US in these products is not a very realistic expectation,” said Pekka Pesonen, secretary general of Copa-Cogeca, which represents EU farmers and agri-cooperatives.…

Political pressure is mounting on the European Union (EU) to work harder and spent more on fighting fraud, with a European Parliament (EP) motion stressing that investments into fighting fraud saves more money than is lost to fraud and corruption when controls are too weak.…

The Covid-19 pandemic may have been disruptive for the international textile sector, but in emerging regional outsourcing hubs such as north Africa, the potential offered by digital printing is so clear that investment into this modern finishing segment has continued.

Tunisia is a case in point.…