Search Results for: united nations

United States regulators have fined online investment service major Interactive Brokers a total USD38 million over a string of fraud and anti-money laundering failings. These penalties have come from parallel actions announced August 10: USD15 million to the Financial Industry Regulatory Authority (FINRA), and USD11.5 million each to the Securities & Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).…

PAKISTAN’S clothing and textile sector has called on the country’s government to offer vigorous help to help the industry emerge from the Covid-19 pandemic, which it says has inflicted punishing harm on manufacturers. The All Pakistan Textile Mills Association (APTMA) and the Pakistan Readymade Garments Exporters & Manufacturers Association (PRGMEA) are united in pressing for government action.…

One year ago, there were few options in the Brazilian market of non-meat alternative products. But brands have started luring beef-crazy Brazilians into buying several plant-based meat substitutes, chiefly hamburgers. And some of the country’s biggest meat packers are now exploring this relatively small, but promising category.…

The China National Coatings Industry Association (NCIA) on July 31 informed members that it has been told by the ministry of ecology and environment to investigate the production, treatment and disposal of hazardous waste in the coating industry and compile a management guide based on the investigation’s findings.…

THE UNITED Nations’ Food & Agriculture Organisation (FAO) has proposed creating a permanent ‘observatory’ monitoring cocoa markets, assessing value and costs, to help chocolate sales revenues be more equitably distributed throughout supply chains.

In a report called a ‘Comparative study on the distribution of value in European chocolate chains’, the FAO said such “objectified and cross-checked data” would aid “a multi-stakeholder discussion” at national and global levels on revenue sharing.…

Malaysia’s 1MDB scandal is one of the largest ever embezzlement and money laundering cases, with Malaysian courts considering how at least USD4.5 billion was stolen and then spent or laundered from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB). Former Prime Minister Najib Razak has now been convicted of charges associated with the scandal.…

UNPRECEDENTED demand for aluminium cans caused by consumers drinking at home during lockdowns and associated restaurant and café closures due to the Covid-19 pandemic, will not cause long term disruption to this key canning market, say industry experts. Instead, manufacturers will work closely with customers to maintain supplies, European and United States (US) industry organisations have told CanTech International.…

With the fall out from the Covid-19 pandemic set to prompt an increase in already staggeringly high levels of digital identity fraud, financial institutions and businesses should develop more sophisticated tools to tackle the issue, researchers have warned. The fact the disease has hit when open banking applications are proliferating means fraudsters have more portals to target “particularly through identity fraud” attacks, suggests a July (2020) report from financial platform Finextra in collaboration with software providers Feedzai, headquartered in Portugal (https://www.finextra.com/finextra-downloads/research/documents/148/how-to-prevent-payments-fraud-amid-global-disruption.pdf).…

Former Malaysian Prime Minister, Najib Razak, was convicted in Kuala Lumpur High Court on Tuesday (July 28) of seven charges linked to his role in the embezzlement of USD4.5 billion from the 1 Malaysia Development Berhad (1MDB) government investment fund. The scandal, which helped defeat the Najib government in a 2018 general election, saw funds siphoned off, including around USD1 billion to the Prime Minister’s personal bank accounts.…

BANGLADESH’S apparel exporters are contemplating diversifying their past tight focus on western markets to include buyers serving southeast Asia as they emerge from the Covid-19 crisis. The move has been prompted by frosty relations with international retailers in Europe and the USA who scrapped or suspended shipments worth USD3 billion following the outbreak of the global coronavirus pandemic.  …