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The European Parliament has pushed the European Commission into a politically awkward position by refusing to follow FATF’s lead in removing the United Arab Emirates (UAE), Gibraltar and Panama from the European Union (EU) AML blacklist. MEPs yesterday (Tuesday April 23) voted to block a Commission delegated act stating these jurisdictions were no longer considered ‘high-risk third countries’ as regards AML.…

In late 2024, the Financial Action Task Force (FATF) will celebrate 35 years as the global standard setter for anti-money laundering (AML) and combating the financing of terrorism (CFT) rules. It is an opportunity, say critics, to review and potentially reform its role in the fight against financial crime.…

As India goes to the polls over the next seven weeks leading to a new (or more likely renewed) government taking charge in early June, the country’s clothing and textile industry is foreseeing a continuity of policies albeit with investment promotion schemes being strengthened and more free trade agreements being struck.…

The European Parliament and EU Council of Ministers are debating plans to streamline European Union (EU) chemical assessment controls, notably creating a new central chemical risk database to be run by the European Chemicals Agency (ECHA). This will subsume some existing EU chemical databases, such as the Information Platform for Chemical Monitoring (IPCHEM), a repository of reference values and a database of study notifications, into its new system.…

While beer consumption in Slovakia is not as high as neighbouring Czechia (which has the world’s highest per-capita beer drinking), it is still the 13th highest worldwide at 79.9 litres per person annually (2022 figures) (1).

So, it is no surprise that Crown Holdings, one of the world’s largest producers of metal packaging, continues to invest in its beverage can plant in Kechnec, eastern Slovakia.…

THE MANDATORY rollout of deposit and return systems (DRS) within the European Union (EU) and an obligatory 90% collection of metal beverage containers (of up to three litres) target by 2029 should boost packaging collection and reduce litter across Europe. These principles have now been enshrined, after much debate – in the EU’s packaging and packaging waste regulation (PPWR), first proposed in November 2022 (1), which is close to securing formal approval.…

While the global footwear market is always buoyed by the basic human need for shoes, the supply chain difficulties caused by Covid-19 and Russia’s invasion of Ukraine, and the recent wave of inflation, has challenged the industry, especially high-end brands.

With inflation abating, manufacturers and retailers are starting to relax, however, with market researchers bullish about the footwear industry’s medium-term prospects.…

Textile factories need to start modernising immediately, not in the future – or they risk becoming obsolete in the face of new standards, new technology and increasing sustainability regulations a comprehensive European Union (EU) funded report has advised. ‘The Modern Textile Factory Report’ (1), compiled and led by Porto, Portugal-based Smartex, which offers digital and AI solutions to textile manufacturers with the aim of “empowering factories to produce with full traceability and zero waste” warned of an “approaching commercial and regulatory storm”.…

The number of companies producing spent bleaching earth oil (SBEO) as a biofuel feedstock has been increasing, but despite the opportunities that new regulations and technologies offer, logistics, the lack of feedstock and costs remain major challenges.

That utilising bleaching earths and clays is a good idea is clear.…

American accounting majors have urged their USA clients to continue comprehensive assessments of the impact of climate change on their businesses, and collect data their own greenhouse emissions, despite a new USA Securities & Exchange Commission (SEC) climate-related disclosures rule (1) being stayed.…