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Experts at the recent global Association of Certified Fraud Examiners (ACFE) conference in Seattle have been stressing the potential that crypto blockchains offer in tracking commercial crime – but more comprehensive regulation would aid probes. Keith Nuthall and Andreia Nogueira report.…

The world’s 600 largest companies are failing to provide full disclosure of anti-bribery and corruption information within their sustainability reporting, according to a joint report (1) backed by the International Federation of Accountants (IFAC). Working with from Transparency International UK and the World Economic Forum’s Partnering against Corruption Initiative.…

As a chemical-based sector, the paint and coatings industry is particularly sensitive to changes to environmental regulation, and while governments have a duty to protect the planet and its human health, they need to avoid damaging manufacturers in the process.

Unfortunately for the British paint and coatings industry, the UK government has been failing to efficiently replace the European Union’s (EU) REACH chemical control system with a UK REACH, following Britain’s December 2020 exit from the EU.…

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.…

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”.…

Accountants and auditors have been asked to contribute to an International Sustainability Standards Board (ISSB) review of its sector specific SASB standards, to make them more applicable worldwide. The ISSB has taken responsibility for the former Sustainability Accounting Standards Board (SASB) standards, which companies using its IFRS S1 and S2 standards on general sustainability and climates must consider when drafting sustainability reports.…

Kenya remains east Africa’s economic powerhouse and its ability to supply and encourage the region’s paint and coatings sector remains strong. Sales in paints, varnishes, pigments and other related coatings are expected to grow by 2.86% annually until 2028, according to insights from Statista (1), a Germany-based provider of market intelligence and business solutions.…

NEW developments in cloud technology are helping packaging manufacturers worldwide compete. Digitisation is seen increasingly as an opportunity rather than a risk – experts have told Inside Packaging.

Digital or cloud-based solutions range from simple printers to whole document and artwork editing systems.…

The European Union (EU) knitwear sector is preparing to follow new detailed ‘best available techniques’ (BAT) on reducing industrial emissions as the EU considers revised legislation that might tell national regulators to take a hard line on their implementation. The European Commission has proposed a new EU industrial emissions directive that – as drafted – would tell industrial regulators to set limits on BAT-associated emissions levels “at the strictest achievable level for the specific installation” (1).…

Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical. You need compatible information.”  

Mr Carney stressed ongoing discussions between the ISSB and major jurisdictions, such as the EU (European Union), the USA and Japan, about the need for regulatory harmony.…