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A VOTE by the UK parliament to insist that Britain’s overseas territories introduce publicly available beneficial ownership registers by December 31, 2020, has sparked anger and dismay within these autonomous, mainly small island, jurisdictions.

An amendment to a UK Sanctions and Anti-Money Laundering Bill requires the British government to impose such registers on its OTs by this deadline, if the local administrations have not created their own.…

The Hajj pilgrimage to Mecca is one of the five pillars of Islam, a religious duty every Muslim should perform once in their lifetime. But with 1.7 billion Muslims worldwide and the Hajj only occurring over five days every year, the event is a logistical challenge for the Saudi Arabian government, tour operators, hospitality service providers, retailers and accountants.…

THE HIMALAYAN kingdom of Bhutan may have a ban on smoking in public spaces under the Tobacco Control Act of 2010, but it is not hard to find smokers flouting this law. The legislation specified sporting centres as public spaces under the act, but when Tobacco Journal International visited the national stadium in the capital Thimphu to watch the opening game of this season’s Bhutan Pepsi Football League on April 21, it followed young fans walk to washroom at half-time to light up smuggled cigarettes.…

A DRAFT European Commission regulation amending European Union (EU) chemical control system REACH is to insist that chemical manufacturers using nanoparticles must consider the special potential environmental health impact of using them in their products.

These proposals have been backed by the European Chemical Agency’s (ECHA) REACH committee.…

WITH the Financial Action Task Force (FATF) about to hold a new plenary on June 27-29, jointly with the FATF-style regional body from the Middle East and North Africa (MENAFATF), the global AML body is assessing its new operational plan for terrorist financing.…

Enhancing the quality of passenger experience while maintaining maximum security was a recurring theme during the Dubai Airport Show 2018. The annual airport industry event, held from May 7 to 9, drew more than 7,500 visitors.

Covering 15,000 square metres of space across three halls of the iconic Dubai International Convention and Exhibition Centre, its 18^th edition hosted more than 350 exhibitors from 60 countries.…

THE ORGANISERS of Italy’s premier beauty trade fair, Cosmoprof Worldwide Bologna, are claiming a record number of visitors and international buyers attending this year’s 51st edition of the event from March 15-19. Exceeding the 250,000 visitors from last year’s Cosmoprof, attending foreign buyers, distributors and retail representatives grew 11% in 2018, year-on-year.…

THE SOUTH Korean cosmetics market, currently evaluated by Frost & Sullivan at USD12.4 billion and growing at 7% year-on-year, is leaving behind the negative effects of a de facto boycott by Chinese tourists. The travel freeze, sparked by Seoul’s decision to install a US-made anti-missile system to protect itself from North Korea, has been in place since early 2017.…

India’s petrochemicals industry is preparing to exploit its growth potential and can benefit from lessons learned in Europe. Indeed, India’s intertwined petrochemicals and refining sectors received a significant endorsement of their future potential in April 2018 in the shape of major foreign investment in what will be one of the world’s biggest integrated sites for these twin purposes.…

WILL Brexit increase money laundering through the UK, or will the British government’s October 2017 Sanctions and Anti-Money Laundering Bill (SAMLB) and the UK money laundering regulations 2017 adequately replace the European Union’s (EU) anti-money laundering directives (AMLD)?

British Labour member of the European Parliament (MEP) Claude Moraes has his doubts.…