Search Results for: Zimbabwe

A global student body is encouraging universities and colleges to lead societal change that pushes behavioural norms towards more sustainable practices, reducing greenhouse gas emissions, as this summer’s record heat https://www.nasa.gov/news-release/nasa-announces-summer-2023-hottest-on-record/#:~:text=The%20summer%20of%202023%20was,(GISS)%20in%20New%20York. Underlines climate change.

Students Organising for Sustainability (SOS) International was launched in Denmark during 2019 and has since grown to be an alliance of 27 national and international organisations, working together to promote sustainability on campus, at home and at work.…

South Africa’s paints and coatings market is expected to generate USD2.1 billion by 2026 after growing at an estimated 5.6% compound annual growth rate (CAGR) between 2021 and 2026. This is according to India-based market research and data analytics provider IndustryARC (1).…

India’s tightly regulated tobacco leaf sector, producing the world’s second largest annual output of tobacco leaf at around 800,000 tonnes (following China and just ahead of Brazil), according to the Tobacco Board of India, is investing in modernisation to further strengthen this position, which includes a recent surge in export sales (1).  …

The secretiveness with which China guards its tobacco news and figures – even of tobacco leaf production – says much about the state’s priorities under President Xi Jinping. This strongman leader who has of late prioritised security/repression over economic growth, has blocked the site of the China National Tobacco Corporation (CNTC), the national tobacco monopoly, to users outside China.…

The precious metals and stones sector is increasingly under the spotlight regarding ML and TF, particularly gold. Given the fungibility of precious metals, the complexity of their supply chains and the varying levels of oversight worldwide, they continue to be an attractive means to launder money – especially gold, which remains the precious metal of choice for launderers.…

Demand for US tobacco leaf is projected to remain robust, despite increased reluctance to use smoked products (worsened by concerns about respiratory disease prompted by Covid-19) and the ongoing China–US trade war launched by former US President Donald Trump.

Tobacco leaf was one of the Chinese export products hit by punitive US import duties of 25% imposed during 2019, with China responding in kind with additional 10% and 25% duties levied on US exports of tobacco leaf to China.…

While forecasts of a global recession are far from conclusive, the World Bank has in its latest international economy assessment released in September (2022) warned that such a downturn is a real possibility for 2023. (1) The reason is potential government spending tightening to deal with inflation rates not witnessed since the 1990s or earlier: “To stem risks from persistently high inflation, and in a context of limited fiscal space, many countries are withdrawing monetary and fiscal support,” noted the bank.…

Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…

Suspicious transaction reports (STRs) often receive bad press in AML circles, experts claiming they are too expensive, numerous and often containing little value for law enforcement investigations. However, the truth is that STRs are widely used to investigate and prosecute money laundering and associated predicate offences, even if the debate continues over their cost effectiveness.…

After a strategic review of the work of the Financial Action Task Force (FATF), beginning in June 2019, AML/CFT observers were wondering if major change would follow when member states concluded how they would respond following the body’s April (2022) ministerial meeting.…